SoFi Announces Monthly Distributions on $THTA (12.00%)

Core Viewpoint - SoFi has announced monthly distributions for the SoFi Enhanced Yield ETF (THTA), which aims to provide current income through a combination of U.S. government securities and a credit spread option strategy [1][2]. Group 1: ETF Details - The THTA ETF has a distribution of $0.1904 per share, translating to a distribution rate of 12.00% and a 30-day SEC yield of 4.04% [1]. - The ex-date, record date, and payment date for the distribution are all set for October 15, 2024, with payment occurring on October 16, 2024 [1]. - THTA was launched on November 15, 2023, in partnership with Tidal Investments LLC and ZEGA Financial LLC [2]. Group 2: Company Background - SoFi's mission is to assist individuals in achieving financial independence, emphasizing that financial independence is not solely about wealth but about making money work for personal goals [3]. - Tidal Investments LLC aims to innovate the ETF development process, focusing on growing assets under management (AUM) and providing tools for effective ETF launches [4]. - ZEGA Financial LLC specializes in derivatives and aims to help investors navigate volatile markets through innovative hedging strategies [5].