Bullboard - Stock Discussion Forum Hamilton Canadian Financials Yield Maximizer ETF T.HMAX

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement... see more

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Hamilton Canadian Financials Yield Maximizer ETF > July 16th NAV $13.80

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Post by Investability00 on Jul 17, 2024 12:18pm

July 16th NAV $13.80

So the share price is right in step with the NAV. I like how Hamilton keeps us up to date within a day or so. I wonder what day of the month they calculate distribution, because it does vary by a few pennies.

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Comment by rabnud on Jul 22, 2024 4:14pm

says anyone owns it before july 28 gets paid on august 8 pretty sure same dist is paid each month

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Comment by Investability00 on Jul 24, 2024 10:54am

June distribution was $0.1715 , and July distribution was $0.1695 . It is adjusted! I don't know if it is adjusted with the NAV or the Share price. BK which I own is adjusted to 15% of the share price averaged for the last 3 trading days of the month. HMAX uses 15.33% from my understanding. Since the share price is higher than last month I would guess it might be a slight bit higher ...more

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Hamilton Canadian Financials Yield Maximizer ETF