Global X Sets $0.12 U.S.-Dollar Distribution for S&P 500 ETF

Global X Investments Canada Inc. set a monthly distribution of $0.12 per unit for the Global X S&P 500 Covered Call ETF, with payment expected on or about Nov. 6.

The distribution is denominated in U.S. dollars, while the ETF’s Canadian-dollar-traded units use ticker USCC. The account provider for holders of those units typically converts the payment to Canadian dollars.

Oct. 30 is both the record date and the ex-dividend date for the distribution.