FirstRand: GSETNC, GSETNQ ETN NAV boosted by Goldman Sachs dividend reinvestment
FirstRand reported a synthetic reinvestment of a USD 5/share Goldman Sachs dividend for its GSETNC and GSETNQ ETNs, increasing the fractional shares referenced by each ETN. The reinvestment amount was USD 4.25/share, reflecting a 15% effective tax rate, at a price of USD 916.24/share. NAVs were already adjusted to refl