Credit Suisse sets January monthly coupon payments for gold and silver covered call ETNs
Credit Suisse has declared monthly coupon payments of USD0.1355 for the Gold Shares Covered Call ETN (GLDI) and USD0.1397 for the Silver Shares Covered Call ETN (SLVO).
The respective coupon payments are payable on 27 January to holders of record on 22 January. The ex-dividend date is 17 January.
The coupon payments represent a current yield of approximately 11.35 per cent per annum on the GLDI ETN and a current yield of approximately 10.48 per cent per annum on the SLVO ETN. The "current yield" equals the current monthly coupon payment annualised and divided by the closing indicative value of the applicable ETN on 10 January 2014.
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