DOWNERS GROVE, Ill., Aug. 1, 2018 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today announced that it will change the distribution policy for the Invesco Treasury Collateral ETF (Ticker: CLTL) assuming a monthly dividend policy to replace its previous annual schedule, which had originated with the inception of the Fund in 2017.
The first monthly dividend is scheduled to be paid on August 31, 2018 to shareholders of record on August 21, 2018 (CLTL will trade ex-dividend on August 20, 2018). The August distribution will be available on the Fund's website after close of business on August 17, 2018. Dividends are planned, but not guaranteed, for each subsequent month. The August distribution for CLTL will include the net investment income accumulated since the beginning of the 2018 calendar year.
Invesco monitors its product offerings to meet the needs of investors on an ongoing basis. After evaluating CLTL since its launch, the firm believes that monthly distributions are more in line with investors' expectations.
For more information about CLTL's distribution policy and calendar please visit the Fund's website at www.invesco.com/portal/site/us/investors/etfs/.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
Treasury securities are backed by the full faith and credit of the US government as to the timely payment of principal and interest. Although the Fund may hold securities that carry U.S. Government guarantees, these guarantees do not extend to Shares of the Fund.
The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The Fund is not a money market fund and does not attempt to maintain a stable net asset value ("NAV").
During periods of reduced market liquidity or in the absence of readily available market quotations for the holdings of the Fund, the ability of the Fund to value its holdings becomes more difficult and the judgment of the Sub-Adviser may play a greater role in the valuation of the Fund's holdings due to reduced availability of reliable objective pricing data.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Fund and tender those Shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 10,000, 50,000, 75,000, 80,000, 100,000, 150,000 or 200,000 Shares.
Shares are not FDIC insured, may lose value and have no bank guarantee.
SOURCE Invesco Ltd.