BMO Covered Call Canadian Banks ETF T.ZWB

Alternate Symbol(s): BMDLF | T.ZWB.U

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.

TSX:ZWB - Post by User

BMO Covered Call Canadian Banks ETF

Bullboard Posts

Post by byloselhi1on Jan 26, 2012 4:06pm

494 Views

Post# 19454255

DIVY CUT - $.095 today is EX DIV

Another divy cut! Dumped mine today at $14.11. When shareholders clue in to the cut this thing will likely get hammered and the bankd=s are getting hammered anyhow.

Swaooed this for PSN -- similar income, but great growth potential.

IF YOU SELL TODAY, YOU STILL GET THE February disty!

GLTA

SS

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