ABSA NewWave Exchange-Traded Notes (ETN) February 2024 Distributions

Published on: Feb 15, 2024 12:00:00 AM

A Currency ETN (exchange-traded notes) is like a special investment tool that exposes investors to different currency pairs. ABSA offers three NewWave exchange-traded notes, which are available on EasyEquities:

Additionally, they may distribute interest semi-annually; here are the latest distributions for February.

New Wave GBP ETN will be paying R0.58 per note.

  • Last trading date – 20 February 2024
  • Payment date – 26 February 2024 

New Wave EUR ETN will be paying R0.37 per note.

  • Last trading date – 20 February 2024
  • Payment date – 26 February 2024 

New Wave USD ETN will be paying R0.60 per note.

  • Last trading date – 20 February 2024
  • Payment date – 26 February 2024 

These ETNs are available in the EasyZAR account, and like companies, the "last date to trade" refers to the date on which notes eligible for the upcoming interest payout can be bought.

EasyFx allows investors to transfer funds from the ZAR account into different international accounts, including EUR, USD, and GBP. This costs 0.50% (50 basis points) of the total amount being transferred. To initiate a transfer, navigate to "My Funds" and then select "Transfer."

What are Dividends

 

Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by an employee of EasyEquities an authorised FSP (FSP no 22588) as general market commentary and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.

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