Fundamental Income Increases Monthly Cash Dividend for the Net Lease Corporate Real Estate ETF by 5.26%

Fundamental Income, a Phoenix-based net lease real estate platform, announced today its Net Lease Corporate Real Estate ETF (NYSE Arca: NETL) will increase the fixed monthly dividend to $0.10 from $0.095, representing a 5.26% increase from its current level and NETL’s second dividend increase in 26 months. The increased dividend will be payable on February 28, 2024 to shareholders of record as of February 27, 2024. The February dividend represents the fund’s 34th consecutive monthly dividend after converting from quarterly dividends, and its 43rd consecutive dividend since inception and listing on the NYSE Arca in March 2019.

“Investing in Net Lease REITs is essentially investing in asset-backed, corporate credit,” said Alexi Panagiotakopoulos, Fundamental Income’s Chief Investment Officer. “These companies pay dividends from consistent contractual cash flows generated by leases in which the tenants, many of which are household names, are responsible for most, if not all, property expenses, which makes the cash flow predictable.”

As of January 31, 2024, NETL’s annualized NAV return since inception was 2.98% with a 30-day SEC yield of 5.76%.

About the Net Lease Corporate Real Estate ETF

NETL is a rules-based, passive ETF seeking to provide pure play exposure to single tenant, freestanding real estate. The Fund consists of 21 publicly traded net lease REITs, collectively owning 30,368 properties. As of 12/31/23, the average remaining lease term for tenants is 15.3 years and the occupancy rate is 98.9%. Net lease REITs offer potential risk-adjusted benefits to investors seeking income, inflation hedging, and growth. For more information, please visit www.netleaseetf.com.

Inception Date: 3/22/19

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For current month end standard performance and expenses, visit https://netleaseetf.com/net-lease-fund-summary/.

Dividend Income is not guaranteed and is subject to change.

Investments involve risk. Principal loss is possible. The fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Index, and consequently the Fund, is expected to concentrate its investments in real estate companies. As a result, the value of the Fund’s shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

Investments in real estate companies and REITs involve unique risks, including limited financial resources, they may trade less frequently and in limited volume, and they may be more volatile than other securities. In addition, securities in the real estate sector are subject to certain risks associated with direct ownership of real estate and the risk that the value of their underlying real estate may go down. Companies in the Net Lease Real Estate sector may be affected by unique factors related to leasing properties to single tenants including dependence on the financial performance of its tenants and lease terms related to rent escalations based on economic measurements. The fund may invest in foreign securities which involves political, economic and currency risks, differences in accounting methods and greater volatility. Investments in small and mid-sized companies have historically been subject to greater investment risk than large company stocks.

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.netleaseetf.com. Read the prospectus carefully before investing.

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The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

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Fundamental Income Media Contact:
Alexi Panagiotakopoulos
Chief Investment Officer
[email protected]
602.481.9274