'TIGER US S&P500 Target Daily Covered Call' ETF Pays 114 Won in First Mid-Month Distribution

Distribution Policy Shifted from End-of-Month to Mid-Month
Dividend Income Now Included as Distribution Resource

Mirae Asset Global Investments announced on September 11 that the 'TIGER US S&P500 Target Daily Covered Call' ETF will pay a distribution of 114 won as its first mid-month dividend following a change in its distribution policy.

This ETF has transitioned from an end-of-month distribution system to a mid-month distribution system. In addition, starting with this distribution, dividend income generated from the underlying stocks is now included as a distribution resource, in addition to the existing option premium income.

The TIGER US S&P500 Target Daily Covered Call ETF aims to capture the growth of the S&P500 Index while securing cash flows by utilizing option premiums. By selling short-term daily options at a level of approximately 10%, the fund is designed to participate in about 90% of the underlying index's upside, while also securing resources for distribution. The goal is to pursue both the long-term growth of the steadily rising S&P500 Index and regular cash flows.

The September distribution for the TIGER US S&P500 Target Daily Covered Call ETF will be paid to investors who purchase shares by September 11.

Lee Junghwan, Head of Strategic ETF Portfolio Management at Mirae Asset Global Investments, stated, "Increased market volatility often unsettles investors, not because of returns, but due to anxiety. By holding both the TIGER US S&P500 Target Daily Covered Call ETF and the TIGER US NASDAQ100 Target Daily Covered Call ETF, investors can receive distributions every two weeks, enabling them to maintain psychological stability and pursue the long-term growth of major US indices even in volatile market conditions."

This content was produced with the assistance of AI translation services.