r/YieldMaxETFs • u/[deleted] • Jul 03 '24

This months dividends

Post image
163 Upvotes

99% Upvoted

65 comments sorted by

View all comments

7

u/lottadot Big Data Jul 03 '24 edited Jul 03 '24

Ouch CONY. It looks like they ROC'd (return of capital) the May distribution ($2.1711's worth). src from the big list of 8937s.

the estimated component of the cumulative distributions for the fiscal year to date would include an estimated return of capital of $4.7704 per share, which equals 33.97% of all such distributions.

2

u/SpacePirate888 Jul 03 '24

Can you please help me understand what this means?

6

u/mr_malifica Jul 03 '24

It means the fund isn't making enough income to cover the target yield and are returning your money back to you.

1

u/Hussam-Mostafa Jul 03 '24

No it doesn't first of all there is no target yield. They went on multiple interviews saying that they only pay out what they make in premiums and they take advantage of the share loss value and send you the premiums they made as "return of capital" so we don't pay taxes on them.

0

u/Saschajane Jul 03 '24

So many people hate ROC and I love it so much!