Q: I hold shares in MSTY along with other Harvest ETFs. I have received the monthly distributions for all of them except MSTY, even though it was payable on Jan 5. My broker, BMO, says it's because they haven't set the reinvestment price for their DRIP. It's now almost two weeks past when the distribution and DRIP shares normally show up. Does any know if this an issue with Harvest or BMO?
5i Research Answer:
MSTY paid on Jan 05, Jan 09, Jan 16 and Jan 23. We have not heard of any specific issues at brokers. That being said, at year end many ETFs adjust their year end numbers, and account for ROC, dividends, and capital gains. Many prior payments can be backdated to reflect these adjustments and this can certainly delay DRIP allocations.