YieldMax Sets $0.3776 Weekly Distribution for GMEY ETF

The YieldMax GME Option Income Strategy ETF set a weekly distribution of $0.3776 per share, with Oct. 15 as the record and ex-dividend date and payment scheduled for Oct. 16.

The ETF trades under the ticker GMEY. Its 75.32% distribution rate is calculated by annualizing the latest per-share distribution and dividing it by the fund’s net asset value as of the Oct. 13 close. The rate does not represent total return.

GMEY’s 30-day SEC yield was 2.58% for the period ending Sept. 30. The measure excludes option income.

Distributions can vary and may include a return of investor capital, which can reduce the fund’s net asset value and trading price. The tax character of this distribution will be determined on Form 1099-DIV.

The new distribution is lower than the $0.4168 per-share payment scheduled for Oct. 9. GMEY’s previous distribution