Defiance NASDAQ 100 Lightningspread Income ETF lowers its distribution by 1.57% for the upcoming period.
Defiance NASDAQ 100 Lightningspread Income ETF (QLDY) will pay a bi-weekly distribution of $0.1698, down 1.57% from the prior $0.1725. The reduction reflects adjustments in underlying income generation.
The fund’s annual distribution rate remains at 40.00%. The payout is scheduled for July 2, with a record date of July 1 and an ex-dividend date of July 1.
No immediate market reaction was reported following the announcement.