REX FEPI Declares $0.2094 Per-Share Distribution for Oct. 15

The REX FANG & Innovation Equity Premium Income ETF declared a $0.2094-per-share distribution for Oct. 15, setting an Oct. 14 ex-dividend and record date for the weekly payout. The new amount is $0.0011 below the fund’s previous $0.2105 distribution, payable Oct. 8. FEPI makes weekly distributions and seeks capital appreciation and current income. The fund’s strategy uses covered calls on individual stocks linked to the FANG & Innovation Index. It listed a 25.22% distribution rate as of Oct. 13. The rate annualizes the latest distribution against the fund’s most recent net asset value (NAV). It is not a measure of total return. Distributions can vary and are not guaranteed; they may include returned investor capital, which can reduce the fund’s NAV and trading price.

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