Hamilton Utilities ETF Sets C$0.13 October Cash Distribution

Hamilton Capital Partners Inc. (Hamilton ETFs) set the Hamilton Utilities YIELD MAXIMIZER™ ETF’s (UMAX) October cash payout at C$0.1300 per unit for the period through Oct. 31. The Toronto Stock Exchange-listed fund’s monthly payment is below its C$0.1380-per-unit distribution for September.

The anticipated ex-dividend and record date is Oct. 30. Payment is expected on or about Nov. 6. Holders enrolled in the fund’s dividend reinvestment plan may receive additional units instead of cash.

Most of UMAX’s utility-services equity exposure is to companies domiciled or listed in Canada or the United States. It uses an active covered-call strategy and does not use leverage.

“Distributions may vary from period to period,” Hamilton ETFs said.