FirstRand says BlackRock pays $5.73 dividend, reinvested into BRETNC and BRETNQ ETNs NAV
Bitget2026/09/23 14:00- FirstRand flagged a NAV-impacting synthetic dividend reinvestment for BRETNC and BRETNQ ETNs tied to BlackRock.
- BlackRock paid a dividend of $5.73 per share on Sept. 22, 2026; no cash distribution will be made to ETN holders.
- Dividend was reinvested net of a 15% tax rate, implying $4.87 per share reinvested at $1,090.27 per share.
- Reinvestment increases the fractional number of BlackRock shares referenced by each ETN; published NAV already reflects the change.
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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