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InfraCap MLP ETF - $AMZA STOCK NEWS

Welcome to our dedicated page for InfraCap MLP ETF news (Ticker: $AMZA), a resource for investors and traders seeking the latest updates and insights on InfraCap MLP ETF stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect InfraCap MLP ETF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of InfraCap MLP ETF's position in the market.

Rhea-AI Summary

InfraCap MLP ETF (AMZA) has adjusted its estimate of deferred tax liability, adding approximately $7 million to its net asset value, equivalent to around $0.72 per share, based on information provided by Master Partnerships (MLPs). The Fund's estimates regarding its deferred tax liability are subject to change based on various factors such as statutory carryforward periods, shareholder transactions, and market conditions. The modification aims to more accurately reflect the Fund's actual tax liability.

Investors should carefully consider the risks associated with ETFs, MLPs, energy industry concentration, leverage, options, market price/NAV disparity, and market volatility. Changes in tax laws or business mix could impact MLP taxation, potentially reducing distributions and affecting investor returns.

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Rhea-AI Summary
Virtus ETF Advisers LLC, the investment adviser for the InfraCap MLP ETF, has announced a change in accounting estimate related to the Fund's net deferred tax liability. The Fund will record a Deferred Tax Liability of approximately $14,455,365 (approximately $1.5232 per share). The accrual of the Deferred Tax Liability will be calculated into the net asset value of the Fund on July 31, 2023. Going forward, the Fund will review and update any assumptions related to Deferred Tax Liabilities as new information becomes available.
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InfraCap MLP ETF

NYSE:AMZA

AMZA Rankings

AMZA Stock Data

9.74M
United States of America