CTBC’s 00406A falls below issue price but keeps heavy volume ahead of Nov. 3 ex-dividend date
CTBC Investments’ actively managed ETF, CTBC Taiwan Income (00406A), closed at NT$8.60 on Oct. 30, below its NT$10 issue price, while still posting trading volume of 1.292 billion units, or about 1.292 million board lots. Depository data showed the fund had 455,610 beneficiaries as of the same date. The ETF is scheduled to go ex-dividend on Nov. 3 with a cash distribution of NT$0.138 per unit, and Nov. 2 was the last day to buy in for the payout. Based on the Oct. 30 closing price, Commercial Times calculated a single-period yield of about 1.60% and an annualized dividend yield of roughly 19.26% by multiplying the payout by 12. The report also noted that this calculation assumes the monthly payout and share price remain unchanged, which is not guaranteed. Exchange data showed five trading days in October with volume above 1 billion units, and all five sessions ended lower. The fund uses active stock selection together with a covered call strategy, with reported distribution sources including stock dividends, capital gains from active management, and option premium income.












