BMO Covered Call Utilities ETF T.ZWU

Alternate Symbol(s): BMMVF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. 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:ZWU - Post by User

BMO Covered Call Utilities ETF > reduced Dividend on ZWU, now On ZWB

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Comment by Dadsaid2on Jun 05, 2023 4:34pm

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Post# 35481202

RE:reduced Dividend on ZWU, now On ZWB

Really makes you wonder and rethink these ETFs. I sold half my position a while back at 13 and wish l had totally baied. I cant understand how this continues to drop as the market is generally sideways. Oh well l may hang on a bit longer or just bail out. Right now lm ahead with my gains and dividends in the past 3 years but not paying off like l thought it would or as advertised. ETF rule changes can really screw ya. OHwell. GLTA

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