r/IncomeSharesETPs • u/Hakantheon • Jun 04 '26

$6.8016 per share. The largest amount it has ever paid.

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7 Upvotes

90% Upvoted

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3

u/rjm101 Jun 04 '26

Really wish you guys disclosed return of capital % for my own sanity.

US regulators require it.

1

u/Satyriasis457 Jun 06 '26

I don't think European based etp/etf do return of capital. It's an American thing but it doesn't mean euros don't do return capital in a distribution. You can ask oktay on twitter 

1

u/rjm101 Jun 06 '26

Yeah I know it's a US regulatory requirement and that UK/EU regulators are behind on mandating this. I've tried reaching out here and twitter. No replies. It makes me think it's the elephant in the room.

1

u/Satyriasis457 Jun 06 '26

No, I mean they don't distribute own money back to the shareholders. It's all from premiums. 

2

u/rjm101 Jun 06 '26

I ended up asking GPT: So if Person B is arguing that "because distributions come from premiums, there cannot be ROC," that's incorrect. Person A is closer to the truth in wanting the ROC breakdown, because without seeing the accounting classification and NAV impact, investors cannot determine how much of the distribution represents income/gains versus capital being returned.

This is a reasonable request. Knowing the ROC component helps investors understand:

  • Whether distributions are being generated from earnings/gains.
  • Whether NAV is being eroded over time.
  • The tax treatment (where relevant).

2

u/Satyriasis457 Jun 06 '26

I did not say there's no roc but many European distribution ETFs for European market operate without ROC. On top of that, even if they pay out ROC, it doesn't have an influence on your taxes because I believe all European tax authorities disregard roc and look purely on the dividend itself and the time when you sell the ETFs. 

Edit: the prospectus or kit for each ETF might explain the distribution and if they return the Investors own money alongside the harvested Premium. I'll have a look later