UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (MORL) - NYSEARCA
  • Jun. 19, 2014, 8:46 AM
    • Apollo Residential Mortgage (AMTG) lifts its quarterly payout to $0.42 per share from $0.40 for an annualized yield of 9.9%, The dividend is payable on July 31 to owners of record on June 30.
    • Apollo's close last night of $16.91 is  9.3% discount to March 31 book value.
    • ETFs: REM, MORT, MORL
    | Jun. 19, 2014, 8:46 AM
MORL Description
The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL) ("MORL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors® Global Mortgage REITs Index (the "Index"), reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents, less any withholding taxes.
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Country: United States
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