FirstRand says Eli Lilly $1.73 dividend boosts NAV for LLETNC, LLETNQ ETNs via synthetic reinvestment - LLY News | RalliesFirstRand says Eli Lilly $1.73 dividend boosts NAV for LLETNC, LLETNQ ETNs via synthetic reinvestment
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LLY• Synthetic reinvestment updated ETN NAV
- FirstRand reported a synthetic reinvestment of Eli Lilly’s $1.73-per-share dividend into its LLETNC and LLETNQ ETNs.
- Dividend reinvested net of a 15% effective tax rate, implying $1.4705 per share reinvested at a $1,123 share price.
- Reinvestment increased the fractional shares referenced by each ETN, with no cash distribution to holders.
- Net asset value for both ETNs was updated to reflect the dividend on Sept. 10, 2026.
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