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SPDR Portfolio Intermediate Term Treasury ETF T.ITE


Primary Symbol: SPTI

to provide investment results that before fees and expenses correspond generally to the price and yield performance of an index that tracks the intermediateterm sector of the United States Treasury market In seeking to track the performance of the Bloomberg 3-10 Year U.S. Treasury Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc.


ARCA:SPTI - Post by User

Comment by zack50on Dec 19, 2022 3:53pm
269 Views
Post# 35180583

RE:Items of interest

RE:Items of interest
Buyreallow wrote: I3 has not yet issued notice of the January dividend.  These usually appear around the 4th of the previous month.

secondly, Bybrooke Capital, a UK investment firm has issued notice it intends to sell its 234,000,000 shares in I3.  No indication why, but . odd as their yield must be very high, and some Cdn analysts putting a price target on the I3 shares at 70 cents...

Yes, the diviend notice is usually issued the 1st week of the month... not sure why the delay. I did notice in their Corporate Presentation, as of Nov.30/22, that the corporate profile does indicate that the estimated monthly dividend for 2023, based on the current monthly dividend payment is estimated to be $0.002301 for an annnual yield of 8%.

Regarding your 2nd concern... the Cairn Capital Group, supported by Mediobanca as its majority shareholder, completed an acquisition and merger with Bybrook Capital in 2021. As of October 28/22, Cairn Capital was listed as the major shareholder of i3E with 234M+ shares owned.

Cairn was rebranded as Polus Capital Management in 2022, following the strategic combination of Cairn and Bybrook and POLUS (as far as I can ascertain), as of Nov. 30/22, is now the owner of those shares, so nothing to worry about there.




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