TappAlpha Announces First Monthly Distribution for TappAlpha SPY Growth & Daily Income ETF (TSPY)

SEATTLE--(BUSINESS WIRE)--October 04, 2024-- 

TappAlpha, a fintech company aiming to make powerful investing accessible, today announced the first monthly income distribution for the TappAlpha SPY Growth & Daily Income ETF $(TSPY)$.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241004736060/en/

(Graphic: Business Wire)

Distribution Amount: $0.29488 per share

Distribution Rate (as of 10/3/24): 14.2%

30-day SEC Yield (as of 10/3/24): 0.57%

Ex-Date - Thursday, 10/3/2024

Payable Date - Friday, 10/4/2024

TSPY aims to return market-like growth along with daily income by using a (0DTE) covered call strategy on fund-owned shares of SPY, a fund that tracks the S&P 500.

Launched on August 15, 2024, TSPY is designed to be a consistent, long-term investment vehicle for investors who value both growth and income. TSPY is a versatile investment solution that can appeal to a broad range of investors and advisors by serving as an equity, income, or alternative portfolio allocation. TSPY is currently offered at a management fee of 0.68% and has $4,295,443 in net assets as of 10/3/2024.

To learn more about TappAlpha and TSPY, please visit TappAlphaFunds.com.

About TappAlpha

Founded in 2023, TappAlpha is a Seattle-based fintech company committed to making advanced financial tools and education accessible to everyone. By making investing simple, actionable, and transparent, TappAlpha seeks to enable investors to unlock potential income and achieve their financial goals. The company is built on a foundation of empathy, trust, and transparency ensuring a customer-first approach in all of its initiatives.

Disclosures

For prospectus, click here: TSPY Prospectus

There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends.

Investing in securities involves risk including the loss of principal.

Distributed by Foreside Fund Services, LLC, Member FINRA.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241004736060/en/

 
    CONTACT:    For media inquiries, please contact: 

Gregory FCA for TappAlpha

TappAlpha@gregoryfca.com

(END) Dow Jones Newswires

October 04, 2024 08:02 ET (12:02 GMT)