Global X Sets EACL ETF’s October Distribution at CAD $0.215 per Unit

Global X Investments Canada Inc. set EACL’s October distribution at CAD $0.215 per unit, matching September’s payout, with payment scheduled on or about Nov. 6.

Oct. 30 is both the ex-date and record date. Holders enrolled in the fund’s dividend reinvestment plan may receive the distribution in cash or reinvest it in additional securities.

EACL focuses on large- and mid-cap companies in developed markets across Europe, Australasia and the Far East; its mandate excludes U.S. and Canadian securities. It aims to make monthly distributions from dividend income and call-option premiums. The fund generally targets leverage of about 125% through cash borrowing, while covered-call writing can limit upside potential.

EACL’s annualized distribution yield was 11.73% as of Oct. 22. The measure annualizes the latest regular distribution for its frequency and divides that amount by the fund’s current net asset value.