VanEck Raises CLOB ETF’s November Distribution to $0.2452

VanEck set the November distribution for the VanEck AA-BB CLO ETF (CLOB) at $0.2452 per share, up from its previous listed distribution of $0.2256 in October.

The fund’s calendar lists Oct. 30 as the declaration date. Monday, Nov. 2, was the ex-dividend date and record date, and payment is scheduled for Thursday, Nov. 5.

The prior distribution had an Oct. 1 ex-dividend date and record date, followed by payment on Oct. 6. Both amounts are listed as dividend income.

CLOB is actively managed and invests primarily in collateralized loan obligation tranches rated AA to BB, with no maturity limit. PineBridge Investments serves as the fund’s sub-adviser.

CLOs are securities backed by pools of loans. Their tranches have different risk and yield profiles, and subordinate tranches absorb losses first.

CLOB’s dividend-income schedule is monthly. The amount can change, and a distribution is not assured in every period.