NEW YORK , Feb. 11, 2013 /PRNewswire/ -- Credit Suisse today declared $0.1146 per ETN as the amount of the monthly coupon for GLDI. This coupon is payable on February 25, 2013 to holders of record on February 20, 2013. The ex-dividend date is February 15, 2013.
GLDI, which tracks the Credit Suisse NASDAQ Gold Flows ™ (Formula-Linked Over Write Strategy) 103 Index, began trading on the NASDAQ on January 29 th. GLDI seeks to implement a rolling 'covered call' strategy by maintaining a notional long position in shares of the SPDR® Gold Trust ETF (GLD) while notionally selling monthly out-of-the-money call options on that position. Holders of GLDI will be entitled to receive variable monthly payments based on the notional option premiums received from the sale of the covered call options each month.
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The ETN may not suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.
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