Global X Sets C$0.088 Monthly Distribution for Canadian T-Bill ETF

Global X Investments Canada Inc. announced a monthly distribution of C$0.088 per security for the Global X 0-3 Month T-Bill ETF (CBIL) on Friday, Oct. 23. The fund’s anticipated ex-dividend and record date is Oct. 29, with payment expected on or about Nov. 6.

The amount is 8.3% below CBIL’s previous C$0.096 distribution, which was scheduled for payment Oct. 7. CBIL.U, the U.S.-dollar-currency unit class, also has a C$0.088 distribution, denominated in Canadian dollars.

Listed on the Toronto Stock Exchange, CBIL invests in Canadian government Treasury bills that generally have less than three months to maturity.