FirstRand says Booking Holdings pays $0.42 dividend, lifts BKETNC/BKETNQ ETN NAV via synthetic reinvestment
BKNG•FirstRand Bank said Booking Holdings paid a $0.42-per-share dividend on Sept. 30, triggering a synthetic reinvestment for its BKETNC and BKETNQ ETNs. After 15% tax, $0.357 per share was reinvested at $162.91, with no cash paid to holders.
1. ETN NAV adjustment
FirstRand Bank said the dividend triggered a synthetic reinvestment that increases the fractional number of Booking shares referenced by each ETN. The published net asset values have already been adjusted to reflect the payment; holders receive no cash distribution.
