Gold bars

Credit Suisse declares May coupon payments on gold and silver covered call ETNs

Credit Suisse has declared monthly coupon payments of USD0.0939 for the Gold Shares Covered Call ETN (GLDI) and USD0.1328 for the Silver Shares Covered Call ETN (SLVO).

The respective coupon payments are payable on 27 May to holders of record on 21 May.
 
The ex-dividend date is 19 May.
 
The coupon payments represent a current yield of approximately 8.06 per cent per annum on the GLDI ETN and a current yield of approximately 10.55 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 12 May 2014.

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