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InfraCap MLP ETF (NYSE: AMZA) Declares Quarterly Dividend
The InfraCap MLP ETF (NYSE: AMZA) has declared a quarterly dividend of $0.5050 ($2.02
per share on an annualized basis), an increase of 1.0% from the $0.50 rate paid in the first
quarter. The dividend will be paid April 16, 2015 to shareholders of record as of the close of
business April 9, 2015.
AMZA Cash Distribution:
Ex-Date: Tuesday, April 7th
Record Date: Thursday, April 9th
Payable Date: Thursday, April 16th
Infrastructure Capital Advisors intends to issue future dividends on a quarterly
basis. Dividends are planned, but not guaranteed, for the months of January, April, July, and
October of each year. The next dividend is scheduled to occur in July 2015.
ABOUT INFRASTRUCTURE CAPITAL ADVISORS, LLC
Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an
actively managed ETF and a series of private investment partnerships. The firm was formed in
2012 and is based in New York City. The company seeks total-return opportunities in key
infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It
often identifies opportunities in entities that are not taxed at the entity level, such as master
limited partnerships ("MLPs") and real estate investment trusts ("REITs"). Current income is a
primary objective in most, but not all, of the company's investing activities. The focus is
generally on asset-intensive companies that generate and distribute substantial streams of free
cash flow.
DISCLOSURE
Carefully consider the Fund's investment objective, risk factors, charges, and expenses
before investing. This and additional information can be found in the Fund's prospectus,
which can be obtained at infracapmlp.com or by calling ETF Distributors LLC at 1-888-
383-4184. Read the prospectus carefully before investing.
An investment in the Fund is subject to investment risks; therefore you may lose money by
investing in the Fund. There can be no assurance that the Fund will be successful in meeting its
investment objective. Shares of any ETF are bought and sold at market price (not NAV) and are
not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly
focused investments typically exhibit higher volatility.
The Fund is taxed as a regular corporation for federal income tax purposes. This differs from
most investment companies, which are treated as "regulated investment companies" under the
Code and do not pay entity level income taxes.
If, due to tax law changes, an MLP in the portfolio is deemed a corporation rather than a
partnership for federal income purposes, then income would be subject to federal taxation at the
MLP level. This would reduce the amount of cash available for distribution to the fund which
could result in a reduction of the Fund's value.
Additionally, the Fund provides tax accounts such as IRA and 401(k) plans with a new option for
participating in the energy infrastructure Master Limited Partnership ("MLP") asset class without
Unrelated Business Taxable Income concerns. Investors will not receive K-1s as they would if
investing directly in MLPs.
All K-1s are received and processed by the InfraCap MLP ETF. The InfraCap MLP ETF
distributes a single Form 1099 to its shareholders.
This notice is provided to you for informational purposes only, and should not be considered tax
advice. Please consult your tax advisor for further assistance.
The Fund is subject to management risk because it is an actively managed portfolio. In managing
the Fund's investment portfolio, the sub-adviser will apply investment techniques and risk
analyses that may not have the desired result. There can be no guarantee that the Fund will meet
its investment objectives.
Investments in securities of MLPs involve risks that differ from investments in common stock,
including risks related to limited control and limited rights to vote on matters affecting the MLP,
risks related to potential conflicts of interest between the MLP and the MLP's general partner and
cash flow risks. MLP common units and other equity securities can be affected by
macroeconomic and other factors affecting the stock market in general, expectations of interest
rates, investor sentiment towards MLPs or the energy sector, changes in a particular issuer's
financial condition or unfavorable or unanticipated poor performance of a particular issuer (in
the case of MLPs, generally measured in terms of distributable cash flow). Prices of common
units of individual MLPs and other equity securities also may be affected by fundamentals
unique to the issuer, including earnings power and coverage ratios.
The Fund invests primarily in energy infrastructure companies. Energy infrastructure companies
are subject to risks specific to the industry they serve, including, but not limited to: reduced
volumes of natural gas or other energy commodities available for transporting, processing or
storing; new construction risks and acquisition risk that may limit growth potential; a sustained
reduced demand for crude oil, natural gas and refined petroleum products resulting from a
recession or an increase in market price or higher taxes; changes in the regulatory environment;
extreme weather; rising interest rates that may result in a higher cost of capital and drive
investors into other investment opportunities; and threats of attack by terrorists.
A Fund concentrated in a single industry or sector, such as the energy infrastructure sector, is
likely to present more risks than a fund that is broadly diversified over several industries or
sectors. Compared to the broad market, an individual industry or sector may be more strongly
affected by changes in the economic climate, broad market shifts, moves in a particular dominant
stock or regulatory changes. Because the Fund focuses on investing in MLPs in the energy
infrastructure sector, adverse events or economic changes that disproportionately affect the
energy sector as a whole or parts thereof will have an adverse effect on the Fund.
Etfis Capital LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC
serves as the sub-advisor to the Fund. The Fund is distributed by ETF Distributors LLC, an
affiliate of Etfis Capital LLC.