Westwood Announces Monthly Income Distributions for Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI)

Core Viewpoint - Westwood Holdings Group (WHG) announced monthly income distributions for its ETFs, Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI), both providing double-digit income to investors [1][2]. ETF Overview - MDST, launched on April 8, 2024, has surpassed $50 million in assets under management (AUM) and focuses on midstream energy companies, targeting significant monthly income through dividends and options premiums [3][4]. - WEEI, launched on April 30, 2024, has $14 million in net assets and offers broad exposure to various energy sectors, also utilizing dividends and options premiums for income generation [4]. Income Distribution Details - Both MDST and WEEI have a distribution per share of $0.225, with annualized distribution rates of 10.5% for MDST and 11.5% for WEEI [2][7]. - The current month's distribution is noted as a 100% return of capital, indicating that distributions may include ordinary dividends, capital gains, and return of investor capital [8]. Performance Metrics - As of June 30, 2024, MDST reported a quarter-to-date (QTD) net asset value (NAV) return of 3.52% since inception, while WEEI reported a NAV return of -0.76% [5]. - The expense ratios for MDST and WEEI are 0.80% and 0.85%, respectively, with subsidized 30-day yields of 4.74% for MDST and 2.42% for WEEI [5][6]. Company Background - Westwood Holdings Group, founded in 1983, is a focused investment management boutique offering a range of investment solutions, including ETFs, to institutional investors and private wealth clients [10][11].