FirstRand reinvests JPMorgan dividend in JPETNC and JPETNQ exchange-traded notes
JPM•FirstRand Bank updated the notes’ net asset values to reflect synthetic reinvestment of JPMorgan Chase’s October 31, 2026 dividend. The $1.65-per-share dividend yielded $1.4025 per share for reinvestment at $337.04, after a 15% effective tax rate; holders will receive no distribution or payment.
1. Synthetic reinvestment
FirstRand Bank updated the net asset values of its JPETNC and JPETNQ exchange-traded notes to reflect synthetic reinvestment of JPMorgan Chase’s October 31, 2026 dividend. The $1.65-per-share dividend yielded $1.4025 per share for reinvestment at $337.04 per share, reflecting a 15% effective tax rate.
2. No holder payment
The reinvestment increased the fractional shares referenced by each note. Holders will receive no distribution or payment.
