OKLAHOMA CITY, Jan. 10, 2014 /PRNewswire/ -- The Forensic
Accounting ETF (NYSE: FLAG) declared its annual cash income
distribution at $ $0.290717 per share
and a short-term capital gain distribution of $2.100427. The distribution was paid December 27, 2013 to shareholders of record as of
the close of business December 20,
2013.
FLAG 2013 Cash Distribution:
Ex-Date: Wednesday, December
18th
Record Date: Friday, December
20th
Payable Date: Friday, December 27th
The 2014 Distribution Schedule is still to be determined. Index
Deletion Strategies (IDS) plans to issue future distributions on a
quarterly basis.
About Index Deletion Strategies
Index Deletion Strategies (IDS) is a specialized research firm
focused on the investment merits of forensic accounting and
financial statement analysis. Based off its proprietary forensic
accounting analysis, IDS created the DelVecchio Earnings Quality
Index. John DelVecchio, CFA, is the
managing member of Index Deletion Strategies.
About John DelVecchio
John DelVecchio, CFA, is the
creator of the DelVecchio Earnings Quality Index, which is tracked
by the Forensic Accounting ETF (FLAG). He is also the co-founder
and co-manager of The Active Bear ETF (HDGE), an actively managed
exchange - traded fund dedicated to shorting individual stocks with
fundamental red flags.
John has authored the book, "What's Behind The Numbers? A Guide
to Exposing Financial Chicanery and Avoiding Huge Losses In Your
Portfolio." Published by McGraw – Hill in late 2012, "What's Behind
The Numbers?" was named the number one investment book for 2013 by
Stock Trader's Almanac. Disclosures
To receive a distribution, you must be a registered shareholder
of the fund on the record date. Distributions are paid to
shareholders on the payment date. There is no guarantee that
capital gains distributions will not be made in the future.
Your own trading will also generate tax consequences and
transaction expenses. Past distributions are not indicative of
future distributions. Please consult your tax professional or
financial adviser for more information regarding your tax
situation.
Carefully consider the Fund's investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Fund's prospectus, which may be
obtained by visiting www.flagfunds.com. Read the prospectus
carefully before investing.
Investing involves risk, including the possible loss of
principal. The Index may include REITs. Adverse economic, business
or political developments affecting real estate could have a major
effect on the value of the Fund's investments in REITs. Investing
in REITs may subject the Fund to risks associated with the direct
ownership of real estate, such as decreases in real estate values,
overbuilding, increased competition and other risks related to
local or general economic conditions, increases in operating costs
and property taxes, changes in zoning laws, casualty or
condemnation losses, possible environmental liabilities, regulatory
limitations on rent and fluctuations in rental income. In addition,
REITs are subject to the possibility of failing to qualify for
tax-free pass-through of income under the Internal Revenue Code and
maintaining exemption from the registration requirements of the
Investment Company Act of 1940, as amended.
Exchange Traded Concepts, LLC serves as the investment advisor,
and Index Management Solutions, LLC serves as a sub advisor to the
fund. The Funds are distributed by SEI Investments Distribution
Co., which is not affiliated with Exchange Traded Concepts, LLC or
any of its affiliates. Index Deletion Strategies have been licensed
for use by Exchange Traded Concepts, LLC. FLAG Funds are not
sponsored, endorsed, issued, sold, or promoted by IDS, nor does
this company make any representations regarding the advisability of
investing in the FLAG Funds.
SOURCE The Forensic Accounting ETF