FirstRand says Goldman Sachs dividend boosts GSETNC, GSETNQ ETN NAV via synthetic reinvestment
Bitget2026/09/30 15:05- FirstRand reported a synthetic reinvestment of a USD 5/share Goldman Sachs dividend for its GSETNC and GSETNQ ETNs.
- No cash distribution to ETN holders; the reinvestment increased the fractional shares referenced by each ETN.
- Reinvestment amount USD 4.25/share, reflecting a 15% effective tax rate; reinvestment price USD 916.24/share.
- NAVs were already adjusted to reflect the dividend’s impact as of the Sept. 29, 2026 US close.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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