Fundamental Income Increases Monthly Cash Dividend for the Net Lease Corporate Real Estate ETF by 6%

Rhea-AI Summary

Fundamental Income has announced an increase in the monthly dividend for its Net Lease Corporate Real Estate ETF (NYSE Arca: NETL) from $0.09 to $0.095, marking a nearly 6% rise. This change reflects the stability of cash flows from net lease real estate, as stated by Chief Investment Officer Alexi Panagiotakopoulos. As of December 31, 2021, NETL reported an annualized NAV return of 13.45% and a 30-day SEC yield of 3.86%. The ETF comprises 25 net lease REITs with a 98.8% occupancy rate and an average lease term of 12.3 years.

Positive

• Monthly dividend increase from $0.09 to $0.095, indicating strong cash flows.
• Annualized NAV return of 13.45% since inception.
• High 30-day SEC yield of 3.86%.
• 98.8% occupancy rate of properties in the ETF.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Fundamental Income, a Phoenix- based net lease real estate platform, announces its Net Lease Corporate Real Estate ETF (NYSE Arca: NETL), will increase the fixed monthly dividend to $0.095 from $0.09, representing a nearly 6% increase from its current level. NETL pays a monthly dividend with a year-end distribution of any remaining unpaid cash accrued from the underlying holdings.

“Increasing NETL’s monthly dividend is indicative of the consistent contractual cash flows provided by net lease real estate,” said Alexi Panagiotakopoulos, Fundamental Income’s Chief Investment Officer. “Despite uncertainty in many areas of the market, the net lease real estate model continues to offer investors reliable income and strong total return potential.”

As of 12/31/2021, NETL’s annualized NAV return since inception was 13.45% with a 30-day SEC yield of 3.86%.

About the Net Lease Corporate Real Estate ETF

NETL is the first and only ETF seeking to provide pure play exposure to single tenant, freestanding real estate. The Fund consists of 25 publicly traded net lease REITs, collectively owning 27,960 properties throughout all 50 US, which are leased to 3,000+ tenants representing over 40 industries. As of 12/31/21, the average remaining lease term for tenants is 12.3 years and the occupancy rate is 98.8%. Net lease REITs offer potential risk-adjusted benefits to investors seeking income, inflation hedging, and growth.

For more information, please visit www.netleaseetf.com

Inception Date: 3/22/19

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For current month end standard performance and expenses, visit https://netleaseetf.com/net-lease-fund-summary/

Dividend Income is not guaranteed and is subject to change.

Investments involve risk. Principal loss is possible. The fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Index, and consequently the Fund, is expected to concentrate its investments in real estate companies. As a result, the value of the Fund’s shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

Investments in real estate companies and REITs involve unique risks, including limited financial resources, they may trade less frequently and in limited volume, and they may be more volatile than other securities. In addition, securities in the real estate sector are subject to certain risks associated with direct ownership of real estate and the risk that the value of their underlying real estate may go down. Companies in the Net Lease Real Estate sector may be affected by unique factors related to leasing properties to single tenants including dependence on the financial performance of its tenants and lease terms related to rent escalations based on economic measurements. The fund may invest in foreign securities which involves political, economic and currency risks, differences in accounting methods and greater volatility. Investments in small and mid-sized companies have historically been subject to greater investment risk than large company stocks.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by visiting www.netleaseetf.com. Read the prospectus carefully before investing.

Quasar Distributors, LLC, distributor.

The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005512/en/

Fundamental Income Media Contact:

Alexi Panagiotakopoulos

Chief Investment Officer

alexi@fundamentalincome.com

602.481.9174

Source: Fundamental Income

FAQ

What is the new monthly dividend amount for NETL?

The new monthly dividend for the Net Lease Corporate Real Estate ETF (NETL) is $0.095.

When will NETL's dividend be paid?

NETL pays its dividends on a monthly basis.

What factors contribute to the dividend increase for NETL?

The dividend increase is attributed to the consistent cash flows from net lease real estate investments.

What is the occupancy rate for NETL's properties?

The occupancy rate for properties in the NETL ETF is 98.8%.

How does NETL's performance compare in the market?

As of December 31, 2021, NETL has shown an annualized NAV return of 13.45% since inception.