FirstRand says BlackRock pays $5.73 dividend, reinvested into BRETNC and BRETNQ ETNs NAV
BLK•NAV impact and reinvestment details
The dividend was reinvested net of a 15% tax rate, implying $4.87 per share reinvested at $1,090.27 per share.
The reinvestment increases the fractional number of BlackRock shares referenced by each ETN; the published NAV already reflects the change.
Dividend reinvestment in ETNs tied to BlackRock
FirstRand flagged a NAV-impacting synthetic dividend reinvestment for BRETNC and BRETNQ ETNs tied to BlackRock.
BlackRock paid a dividend of $5.73 per share on Sept. 22, 2026; no cash distribution will be made to ETN holders.
