Global X Sets C$0.08400 Monthly Distribution for High Interest Savings ETF

Global X Investments Canada Inc. announced Friday, Oct. 23, a C$0.08400 monthly cash distribution per security for its Global X High Interest Savings ETF (CASH), with payment expected on or about Nov. 6.

CASH trades on the Toronto Stock Exchange and lists Canadian dollars as its distribution currency. The ex-date and record date are anticipated for Thursday, Oct. 29. The record date determines which holders qualify, while the ex-date marks when buyers are no longer entitled to the distribution.

The new amount is C$0.003 below the ETF’s previous monthly distribution of C$0.08700, which was paid Oct. 7. CASH primarily invests in high-interest deposit accounts with Canadian banks. Its units are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation or another government deposit insurer.