Global X Sets C$0.185 Monthly Distribution for Commodity Producers ETF

Global X Investments Canada Inc. set a C$0.185 monthly cash distribution per security for its Global X All-In-One Commodity Producers Equity Covered Call ETF (CMCC), keeping the amount unchanged from September’s distribution.

The fund’s schedule lists Oct. 30 as the combined ex-date and record date, with payment scheduled for Nov. 6. The ex-date marks when buyers of the security no longer qualify for the distribution. CMCC trades on the Toronto Stock Exchange.

The ETF seeks exposure to global commodity producers, including energy, metals and mining companies. Its objective includes making at least monthly distributions from dividend income and call option premiums. The fund uses a dynamic covered-call strategy, which can limit upside potential.