Actively managed funds designed to provide investors and advisors with differentiated tools for accessing income-generating investments.
Infrastructure Capital Advisors (“InfraCap”), a leading provider of investment management solutions designed to meet the needs of income-focused investors, is pleased to announce its monthly dividends, set forth below.
The InfraCap Small Cap Income ETF (NYSE Arca: SCAP) (the “Fund”) has declared a monthly distribution of $0.175 per share ($2.10 per share on an annualized basis). The distribution will be paid January 31, 2024 to shareholders of record as of the close of business January 30, 2024.
SCAP Cash Distribution:
- Ex-Date: Monday, January 29, 2024
- Record Date: Tuesday, January 30, 2024
- Payable Date: Wednesday, January 31, 2024
The InfraCap Equity Income Fund ETF (NYSE Arca: ICAP) (the “Fund”) has declared a monthly distribution of $0.180 per share ($2.16 per share on an annualized basis). The distribution will be paid January 31, 2024 to shareholders of record as of the close of business January 30, 2024.
ICAP Cash Distribution:
- Ex-Date: Monday, January 29, 2024
- Record Date: Tuesday, January 30, 2024
- Payable Date: Wednesday, January 31, 2024
Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month. For more information about each Fund’s distribution policy, its 2024 distribution calendar, or tax information, please visit the Fund’s web site for more information.
SCAP and ICAP are actively managed by InfraCap Founder, CEO & Portfolio Manager Jay D. Hatfield. SCAP’s investment approach will center around identifying and investing in small cap U.S. companies that are poised to deliver both income and growth potential, particularly those equities which in the eye of the fund’s management fall into the category of value stocks. ICAP will primarily invest in equity securities of companies with a strong track record of paying dividends during normal market conditions.
SCAP joined an InfraCap ETF lineup which includes the Virtus InfraCap U.S. Preferred Stock ETF (NYSE Arca: PFFA), InfraCap REIT Preferred ETF (NYSE Arca: PFFR), InfraCap MLP ETF (NYSE Arca: AMZA), and the InfraCap Equity Income Fund ETF (NYSE Arca: ICAP). PFFA and AMZA are both Morningstar rated and as of December 31, 2023, each of PFFA and AMZA received a 5-star Morningstar RatingTM in its three year category*.
Hatfield is the lead Portfolio Manager for all of the InfraCap funds and brings more than 30 years of experience to his work on behalf of clients. As of the date of this release, InfraCap manages over $1.5B in total assets.
Follow InfraCap on social media for all of the firm’s need-to-know market commentary and economic outlook at:
About Infrastructure Capital Advisors
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds (ETFs) and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. These sectors include energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks.
Current income is a primary objective in most, but not all, of ICA's investing activities. Consequently, the focus is generally on companies that generate and distribute substantial streams of free cash flow. This approach is based on the belief that tangible assets that produce free cash flow have intrinsic values that are unlikely to deteriorate over time. For more information, please visit infracapfunds.com.
The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It is not possible to invest directly in an index. The iShares Russell 2000 ETF (IWM) is the largest small cap ETF, by market cap. In addition, there is a highly liquid option market according to total option volumes, as of December 8, 2023. *Morningstar ratings are based on risk-adjusted returns. Strong ratings are not indicative of positive fund performance. Morningstar Rating: Five star ranking awards for three year performance was prepared by Morningstar, an independent third party. As of 12/31/2023, PFFA was rated 5 stars out of 64 funds, 1 stars out of 59 funds and has no rating out of 38 funds within the US Fund Preferred Stock category for the 3-, 5- and 10 year periods, respectively. As of 12/31/2023, AMZA was rated 5 stars out of 98 funds, 1 stars out of 89 funds and no rating out of 0 funds within the Energy Limited Partnership category for the 3-, 5- and 10 year periods, respectively. These ratings are not indicative of a fund's future results or the future success of the adviser in managing its other funds. Approximately 10% of funds received 5 star award (top ten) in these categories. These category rankings only reflects two category rankings produced by Morningstar. The Adviser did not pay a fee to participate in the in Morningstar’s rating system. Morningstar ratings do not represent the entire universe of Preferred Stock or Energy limited Partnership funds offered to investors, rather this rating represents a subset of Preferred Stock and Energy Limited Partnership funds. For more information about the ranking and rating process, please contact Morningstar at 1-312-384-4000, or visit https://bit.ly/440AjUT.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the InfraCap Small Cap Income ETF or InfraCap Equity Income Fund ETF, please visit each respective fund page here – www.infraCapfund.com/scap or www.InfraCapfund.com/icap. Please read the prospectus carefully before investing. For more information about the Funds, Funds’ strategies or InfraCap, please reach out to Craig Starr at 212-763-8336 (Craig.Starr@icmllc.com).
A word about SCAP risk: Investing involves risk, including possible loss of principal. An investment in the Fund may be subject to risks which include, among others, investing in equities securities, dividend paying securities, utilities, small-, mid- and large-capitalization companies, real estate investment trusts, master limited partnerships, foreign investments and emerging, debt securities, depositary receipts, market events, operational, high portfolio turnover, trading issues, active management, fund shares trading, premium/discount risk and liquidity of fund shares, which may make these investments volatile in price. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund’s returns. Small and Medium-capitalization companies, foreign investments and high yielding equity and debt securities may be subject to elevated risks. The Fund is a recently organized investment company with no operating history. Please see prospectus for discussion of risks. Diversification cannot assure a profit or protect against loss in a down market. SCAP is distributed by Quasar Distributors, LLC.
A word about ICAP Risk: Investing involves risk, including possible loss of principal. An investment in the Fund may be subject to risks which include, among others, investing in equities securities, dividend paying securities, utilities, preferred stocks, leverage, short sales, small-, mid- and large-capitalization companies, real estate investment trusts, master limited partnerships, foreign investments and emerging, debt securities, depositary receipts, market events, operational, high portfolio turnover, trading issues, options, active management, fund shares trading, premium/discount risk and liquidity of fund shares, which may make these investments volatile in price. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's returns. Small and Medium-capitalization companies, foreign investments, options, leverage, short sales, and high yielding equity and debt securities may be subject to elevated risks. The Fund is a recently organized investment company with no operating history. Please see prospectus for discussion of risks. ICAP and SCAP ETFs are distributed by Quasar Distributors LLC. PFFA, PFFR, and AMZA ETFs are distributed by VP Distributors, LLC an affiliated of Virtus ETF Advisers, LLC.
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