UBS Investment Bank today announced the quarterly coupon amounts for six ETRACS exchange traded notes (the “ETNs”), all traded on the NYSE Arca. Three of the ETNs are linked to Alerian MLP Indexes – ETRACS Alerian MLP Infrastructure ETN (Ticker: MLPI), ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN (Ticker: MLPL) and ETRACS Alerian Natural Gas MLP Index ETN (Ticker: MLPG). One ETN is linked to the Wells Fargo MLP Index – ETRACS Wells Fargo MLP ETN (Ticker: MLPW). Two of the ETNs are linked to the Wells Fargo Business Development Company Index – ETRACS Wells Fargo Business Development Company ETN (Ticker: BDCS) and ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (Ticker: BDCL).
The table below summarizes the coupon amounts for the six ETNs:
|NYSE Arca Ticker||Name||Coupon Valuation Date||Ex-Date||Record Date||Payment Date||Coupon Amount per Note||Current Yield (annualized)*|
|MLPI||ETRACS Alerian MLP Infrastructure ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.4023||5.69%|
|MLPL||ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.9808||13.04%|
|MLPG||ETRACS Alerian Natural Gas MLP Index ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.3961||6.01%|
|MLPW||ETRACS Wells Fargo MLP ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.3425||5.64%|
|BDCS||ETRACS Wells Fargo Business Development Company ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.4236||9.19%|
|BDCL||ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN||9/30/2011||10/11/2011||10/13/2011||10/21/2011||$0.8265||22.94%|
* “Current Yield” equals the current Coupon Amount annualized and divided by the closing price of the ETNs on October 3, 2011, or, if the closing price is not available on October 3, 2011, the previous available closing price, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETNs.
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