Global X Investments Canada published two September updates that set cash distribution amounts across its Canadian ETF roster.
In an early month notice, the firm said it would pay semi-monthly distributions on its bitcoin covered call strategies, with ex-dividend and record dates on September 15 and September 29, and pay dates on September 22 and October 7.
The announcement appears in a company press release, where Global X said distribution levels can change from period to period and investors should review each fund’s policy for details.
A separate late month release set September distributions for the broader ETF suite. Global X said the ex-dividend date for most funds is expected on September 29, with a September 29 record date and payments on or about October 7.
The table includes income, equity, and option income mandates as well as Treasury funds.
Semi-Monthly (Crypto Option-Income Funds)
| Fund Name | Ticker | Distribution (per security) | Frequency | Currency |
|---|---|---|---|---|
| Global X Bitcoin Covered Call ETF | BCCC | $0.14000 | Semi-Monthly | CAD |
| Global X Enhanced Bitcoin Covered Call ETF | BCCL | $0.17500 | Semi-Monthly | CAD |
Global X said both funds declare and pay in Canadian dollars, with U.S. dollar traded units of each fund converted by account holders’ platforms. The timing underscores the semi monthly cadence the firm has mapped out for its crypto overlay products.
Monthly (Cash & Short-Term Instruments)
| Fund Name | Ticker | Distribution (per security) | Currency |
|---|---|---|---|
| Global X High Interest Savings ETF | CASH | $0.09960 | CAD |
| Global X 0–3 Month T-Bill ETF | CBIL | $0.10080 | CAD |
Monthly (Covered Call Equity Funds)
| Fund Name | Ticker | Distribution (per security) | Frequency | Currency Treatment |
|---|---|---|---|---|
| Global X Nasdaq-100 Covered Call ETF | QQCC | $0.12000 | Monthly | Declares USD, CAD tickers converted |
| Global X Russell 2000 Covered Call ETF | RSCC | $0.21000 | Monthly | Declares USD, CAD tickers converted |
Option enhanced versions of flagship Canadian equity strategies, such as Global X S&P/TSX 60 Covered Call ETF (CNCC) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL), also appear with monthly figures in the release.
Conversely, some Canadian-dollar funds have U.S. dollar traded tickers whose distribution payments are converted to U.S. dollars. The firm also reiterates that distributions are not guaranteed and may include income, capital gains, or return of capital.
The mix of cash-like ETFs and option income strategies offers distinct rate and equity exposures heading into the fourth quarter.
Short-term vehicles like savings and T-bill funds will continue to reflect policy and money-market dynamics, including repo market strains in Canada that have occasionally nudged yields.
Option income funds such as QQCC and RSCC generally collect option premiums that can bolster monthly distributions, but the level of income tends to rise and fall with volatility, index moves, and portfolio positioning.
Earlier in September, Vanguard Canada confirms September ETF cash payouts and set record and payment dates, which creates a common cluster of ex-dates for investors who hold multiple providers income funds.
The Global X update lands as Nasdaq hits new all-time high, a backdrop that can sway option premiums and, by extension, near term distribution potential for Nasdaq 100 covered call strategies.
