UBS Declares Coupon Payment on ETRACS Alerian MLP ETN
UBS Investment Bank announced a quarterly coupon payment for the ETRACS Alerian MLP Index ETN (NYSE: AMU – $29.02) of $0.3726 for note holders of record on March 2, 2015. The payout will take place on March 10 and is currently yielding investors of AMU 5.15%, assuming the current rate and share price remain constant. The payment is slightly less than the $0.3778 paid out in the fourth quarter of 2014, but the fluctuation from quarter-to-quarter is normal and the long-term distribution trend has been up. The investment in AMU seeks to replicate the Alerian MLP Index, which measures the performance of 50 prominent energy master limited partnerships that earn the majority of their cash flow from the transportation, storage, processing or production of energy commodities. While the shares have retreated with overall energy prices, they remain a core holding for income-seeking investors.