Mirae Asset Launches First Second-Half Distribution for TIGER Dividend Covered Call Active ETF

Mirae Asset Global Investments' "TIGER Dividend Covered Call Active" Exchange Traded Fund (ETF) will pay a dividend of 375 won per share as its first distribution for the second half of July.

According to Mirae Asset Global Investments on July 29, the ETF’s distribution rate over the past 12 months reached 23.95%, the highest among listed domestic equity-type covered call ETFs.

Since introducing a special distribution based on fund performance in the second half of last year, the ETF has provided continuous distributions for a year, offering additional cash flow to investors. The monthly distribution increased by approximately 144%, from the first special distribution of 238 won in July last year to 580 won in June this year. This achievement was the result of investing in high-quality domestic companies with promising dividend growth potential while utilizing an active option strategy to pursue both capital gains and monthly cash flow.

Even in an unstable market, the ETF has offered a predictable monthly distribution of about 2%, resonating with investors. As a result, cumulative net purchases by individual investors since the beginning of the year have totaled 1.7187 trillion won.

Jung Hwan Lee, Head of Strategic ETF Management at Mirae Asset Global Investments, said, "The TIGER Dividend Covered Call Active ETF will continue special distributions of around 2% per month in the second half of the year. We hope these predictable monthly distributions serve as a solid anchor for investors, enabling them to continue investing steadily without leaving the market, even amid high volatility."

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