BMO AAA CLO ETF and its hedged and USD units announce monthly distributions for May, matching prior levels.
BMO Asset Management has declared May distributions for its AAA CLO ETF series. The BMO AAA CLO ETF (ZAAA:CA) will pay CAD 0.126 per unit, while its hedged units (ZAAA.F:CA) will distribute CAD 0.124. USD-denominated units (ZAAA.U:CA) will pay USD 0.126 per unit.
The distributions align with prior monthly payouts, reflecting stable income generation from the underlying collateralized loan obligations. The ETFs track AAA-rated CLO tranches, offering exposure to senior secured loans with minimal credit risk.
No immediate market reaction was reported following the announcement.