LONDON – Leverage Shares plc has announced upcoming interest payments for a range of exchange-traded products (ETPs), according to a recent press release. The notice details interest amounts for eleven different ETP securities, with the interest reporting date set at December 31, 2024.
Affected ETPs include those based on gold yields, various technology companies and major stock indexes. Certain ETPs include IncomeShares Gold+ Yield ETP, IncomeShares NVIDIA (NASDAQ:) Options ETP, and IncomeShares Tesla (NASDAQ:) Options ETP, as well as performance-related products , , Amazon (NASDAQ:), Apple (NASDAQ:), Alphabet (NASDAQ: ) (GOOG), META (NASDAQ: ), Microsoft () and Coinbase (NASDAQ: ).
The Interest Ex Date, when the securities cease to be traded with the right to the payment of reported interest, is set for January 2, 2025. The Record Date, which is the threshold value for determining the shareholders qualified for the payment of interest, is set for January 3, 2025. Actual payments are due to be made to authorized security holders on January 13, 2025.
Interest amounts per ETP security vary, with the IncomeShares Coinbase (COIN) Options ETP set to distribute a maximum amount of $1.20 per security. In contrast, the IncomeShares Apple ( AAPL ) Options ETP will pay out $0.039 per security, reflecting the diversity in performance and valuation among different ETPs.
This announcement is particularly relevant to investors holding these specific ETP securities, as it provides them with essential information about the timing and amount of interest they can expect. It also serves as a notice to those who have recently sold or transferred their properties to forward the information to the buyer or transferee.
The press release did not provide further details on the broader market implications of these interest rates. However, the information is based on the Schedule of Key Definitions relating to the Program dated 17 July 2024, which indicates a structured and pre-defined process for interest declarations by Leverage Shares plc.
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