Global X Sets RING’s October Distribution at CAD $0.065 per Security

Global X Investments Canada Inc. set a monthly cash distribution of CAD $0.065 per security for the Global X Equal Weight Canadian Telecommunications Index ETF (RING) on Friday, below its September distribution of CAD $0.070.

The Toronto Stock Exchange-listed fund has Oct. 30 as both its ex-distribution date and record date. Payment is scheduled for on or about Nov. 6.

RING seeks to track an equal-weighted index designed to cover large Canadian telecommunications companies. Investors enrolled in the applicable distribution reinvestment plan may receive additional securities instead of cash.

Distributions can vary and are not guaranteed. The October distribution may include return of capital; its tax characterization will be determined after the fund’s tax year-end. The same October notice covered other funds, including Global X’s Canadian banks ETF.