FirstRand says Coca-Cola dividend boosts NAV for COETNC and COETNQ ETNs
KO•FirstRand said Coca-Cola’s $0.53-per-share dividend was synthetically reinvested in its COETNC and COETNQ ETNs on Oct. 1, 2026, using a 15% tax rate and a $86.10 share price. The ETNs’ NAV was adjusted, and holders will receive no cash distribution.
1. Dividend reinvestment
FirstRand said the reinvestment implied $0.4505 per Coca-Cola share, increasing the fractional Coca-Cola share exposure per ETN. The published NAVs already reflect the dividend event, and no cash distribution will be paid to holders.
