ProShares Lists $0.237298 November Distribution for S&P 500 High Income ETF

ProShares’ S&P 500 High Income ETF (ISPY) has a November distribution of $0.237298 per share, with payment expected Nov. 6. The listing gives Nov. 2 as both the ex-dividend date and the record date.

The amount is about 5.96% below October’s distribution of $0.252335 per share. As of Sept. 30, the fund’s 30-day SEC yield was 0.76%, and its 12-month distribution rate was 5.55%. Both are separate measures from the November per-share amount.

ISPY seeks monthly distributions that generally reflect income, net of expenses, measured by the S&P 500 Daily Covered Call Index - Income Only. Monthly amounts may reflect all or part of that income and are subject to a 6% minimum yield on an annualized basis.

The fund’s general distribution policy allows payments to include an accounting return of capital. That does not establish the tax treatment of this November payment, which is determined at year-end. Payments are not guaranteed and may vary significantly, and scheduled dates may change.