The Yorkville High Income Infrastructure MLP ETF (NYSE: YMLI) has
declared its quarterly cash distribution at $0.331578 per share
($1.326312 on an annualized basis.) The distribution will be paid
December 18, 2013 to shareholders of record as of the close of business
December 13, 2013.
YMLI Cash Distribution:
Ex-Date: Wednesday, December 11th
Record Date: Friday, December 13th
Payable Date: Wednesday, December 18th
Yorkville ETF Advisors plans to issue future distributions on a
quarterly basis. Distributions are scheduled, but not guaranteed, going
forward each year in March, June, September and December, with the next
distribution occurring in March 2014.
About Yorkville ETF Advisors, LLC
Yorkville ETF Advisors, LLC is an asset management firm and a subsidiary
of Yorkville ETF Holdings, LLC.
The firm offers a rules-based investment philosophy with the intention
of creating ETFs to track new investable indexes oriented toward income
and superior investment solutions. Yorkville ETF Advisors has proven
investment management and research that provides investors with
innovative investment strategies.
The team at Yorkville ETF Advisors consists of leading industry
professionals who have extensive experience in areas such as MLP
research and investment management, index derivatives and distribution.
This experience gives the firm the necessary resources to develop
income-generating ETFs and provide leadership to support the initiatives
of the firm and its sister companies within Yorkville ETF Holdings.
To receive a distribution, you must be a registered shareholder of the
fund on the record date. Distributions are paid to shareholders on the
payment date. There is no guarantee that capital gains distributions
will not be made in the future. Your own trading will also generate tax
consequences and transaction expenses. Past distributions are not
indicative of future distributions. Please consult your tax professional
or financial adviser for more information regarding your tax situation.
Carefully consider the Fund’s investment objectives, risk factors,
charges and expenses before investing. This and additional information
can be found in the Fund’s summary and full prospectus, which may be
obtained by visiting yetfs.com. Read the prospectus carefully before
investing.
Investing involves risk, including the possible loss of principal.
Investments in common units of MLPs involve risks that differ from
investments in common stock including risks inherent in the structure of
MLPs, including (i) tax risks, (ii) risk related to limited control of
management or the general partner or managing member, (iii) limited
rights to vote on matters affecting the MLP, except with respect to
extraordinary transactions, and (iv) conflicts of interest between the
general partner or managing member and its affiliates and the limited
partners or members, including those arising from incentive distribution
payments or corporate opportunities, and cash flow risks. General
partners typically have limited fiduciary duties to an MLP, which could
allow a general partner to favor its interests over the MLP’s interests.
MLP common units can be affected by macro-economic and other factors
affecting the stock market in general, expectations of interest rates,
investor sentiment towards MLPs or the energy sector, changes in a
particular issuer’s financial condition, or unfavorable or unanticipated
poor performance of a particular issuer (in the case of MLPs, generally
measured in terms of distributable cash flow). Prices of common units of
individual MLPs and other equity securities also can be affected by
fundamentals unique to the partnership or company, including cash flow
growth, cash generating power and distribution coverage. See the
prospectus for more detail. The energy industry is highly volatile due
to significant fluctuation in the prices of energy commodities, as well
as political and regulatory developments. Rising interest rates could
adversely impact the performance and/or the present value of cash flow
of MLPs operating in the energy sector. The abilities of MLPs operating
in the energy sector to grow and increase cash distributions can be
highly dependent on their ability to make acquisitions that generate
increasing cash flows.
The fund is treated as a regular corporation for federal income tax,
which differs from most investment companies. Unlike traditional ETFs,
the Fund is subject to U.S. federal income tax as well as state and
local income taxes. Further, the amount of taxes currently paid by the
Fund will vary depending on the amount of income, and gains derived from
investments and/or sales of MLP interests and such taxes will reduce
your return. A portion of the Fund’s distributions are considered a
return of capital for tax purposes. To the extent distributions
represent a return of capital; an investor’s cost basis will be reduced
at the time of sale potentially increasing taxes owed.
The Fund may defer income taxes for many years on gains attributable to
its underlying MLP holdings and the deferred tax liability used to
calculate the Fund’s NAV could vary dramatically from the Fund’s actual
tax liability. Upon sale of an MLP security, the Fund may be liable for
previously deferred taxes and, as a result, the determination of the
Fund’s actual tax liability may substantially increase expenses and
lower the Fund’s NAV.
The potential tax benefits from investing in MLPs depend on them being
treated as partnerships for federal income tax purposes. If the MLP is
deemed to be a corporation then its income would be subject to federal
taxation at the entity level, reducing the amount of cash available for
distribution to the fund which could result in a reduction of the fund’s
value.
Exchange Traded Concepts, LLC serves as the investment advisor and
Yorkville ETF Advisors, LLC and Index Management Solutions, LLC serve as
sub advisors to the fund. The Funds are distributed by SEI Investments
Distribution Co., which is not affiliated with Exchange Traded Concepts,
LLC or any of its affiliates.
Solactive Indexes have been licensed for use by Exchange Traded
Concepts, LLC. Yorkville Funds are not sponsored, endorsed, issued,
sold, or promoted by Solactive, nor does this company make any
representations regarding the advisability of investing in the Yorkville
Funds.
Copyright Business Wire 2013