CALGARY, AB, June 13, 2024 /CNW/ - Accelerate Financial Technologies Inc., ("Accelerate") today announced the Q2 and June 2024 cash distributions for Accelerate Exchange Traded Funds ("Accelerate Funds"), summarized below, that are listed on the Toronto Stock Exchange ('TSX"). The ex-dividend date for the distributions will be June 28, 2024. All unitholders of record of the Accelerate Funds on June 28, 2024, will receive cash distributions payable on July 9, 2024.
"We are pleased to declare the inaugural distribution for the Accelerate Diversified Credit Income Fund (INCM), Canada's first private credit ETF," said Julian Klymochko, CEO and Chief Investment Officer of Accelerate. "INCM's 10.17% yield, sourced from a diversified portfolio of mainly senior-secured floating-rate loans, provides investors with one of the highest monthly income streams in the fixed income segment."
Details of the per unit distribution amounts are as follows:
|
Accelerate Fund
|
TSX Ticker
|
Distribution per Unit ($)
|
Distribution Yield
|
Payment Frequency
|
|
Accelerate Absolute Return Hedge Fund
|
HDGE
|
0.10
|
1.56 %
|
Quarterly
|
|
Accelerate Enhanced Canadian Benchmark Alternative Fund
|
ATSX
|
n/a
|
0.00 %
|
n/a
|
|
Accelerate OneChoice Alternative Portfolio ETF
|
ONEC
|
0.10
|
1.84 %
|
Quarterly
|
|
Accelerate Arbitrage Fund
|
ARB
|
0.26
|
3.97 %
|
Quarterly
|
|
Accelerate Diversified Credit Income Fund
|
INCM
|
0.17
|
10.17 %
|
Monthly
|
Accelerate is powering diversification. To learn more visit https://accelerateshares.com.
About the Accelerate Funds
Performance fees, brokerage fees and expenses all may be associated with investments in the Accelerate Funds. Please read the prospectus or ETF facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
About Accelerate Financial Technologies Inc.
Accelerate Financial Technologies Inc. is a leading provider of alternative investment solutions. Accelerate helps investment advisors, institutions and individual investors diversify their investment portfolios, manage risk, and improve their portfolio's risk-adjusted returns.
SOURCE Accelerate Financial Technologies Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2024/13/c6616.html