VanEck CLO ETF Declares Monthly Distribution of $0.2070
The VanEck CLO ETF (CLOI) has announced a monthly distribution of $0.2070 per share, payable on October 6 to shareholders of record as of October 1. The ex-dividend date is also set for October 1. This consistent dividend reflects the fund's strategy focused on collateralized loan obligations (CLOs), which are structured finance instruments backed by pools of leveraged loans. Investors can expect regular income from this ETF, aligning with its objective to provide exposure to CLO securities while generating monthly distributions.
