BETHESDA, Md., July 29, 2016 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced July 2016 income distributions for ETFs that pay monthly dividends. Shareholders of record on July 27, 2016 will receive cash distributions paid on July 29, 2016 in the following amounts:
For Non-Resident Alien ("NRA") shareholders who are normally subject to a 30% (or lower tax treaty rate depending on the country) NRA withholding tax on ETF dividend income and short-term capital gain dividends (unless such dividends are designated as exempt from NRA withholding tax), the following percentage of ETF distributions have been designated as exempt:
AdvisorShares Peritus High Yield ETF (HYLD) – 89.30%
AdvisorShares Newfleet Multi-Sector Income ETF (MINC) – 98.44%
AdvisorShares YieldPro ETF (YPRO) – 49.74%
For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).
A leading provider in the actively managed ETF marketplace, AdvisorShares offers 21 active ETFs with $1.2 billion of assets under management (as of July 22, 2016). Visit www.advisorshares.com to register for free weekly economic commentary. Visit www.alphabaskets.com for educational insight into the active ETF marketplace, and follow @AdvisorShares on Twitter and 'Like' us on Facebook.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.
An investment in ETFs is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund's prospectus and on each Fund's webpage. The Funds may not be suitable for all investors.