SOL Palantir Covered Call OTM Bond Mix ETF to Pay 210 KRW per Share

Shinhan Asset Management announced on October 1 that the 'SOL Palantir Covered Call OTM Bond Mix' and 'SOL Palantir US Treasury Covered Call Mix' ETFs will pay dividends of 210 KRW and 150 KRW per share, respectively, following last month. The annualized dividend yields are 25.73% and 16.32%, respectively.

The SOL Palantir Covered Call ETF series has quickly established itself as a monthly dividend strategy product that combines both profitability and stability, and is experiencing rapid growth. The net asset value of the SOL Palantir Covered Call OTM ETF, which was 8 billion KRW at the time of its listing, surpassed 160 billion KRW in just five months. The cumulative net purchases by individual investors have reached 84 billion KRW.

Kim Gideok, Head of Quant & ETF Management at Shinhan Asset Management, stated, "It is possible to secure sufficient funds for dividends through the rise in Palantir's stock price and the premiums from selling weekly OTM call options, which enables the consistent payment of dividends."

He added, "We will continue to maintain our current policy of maximizing the use of secured funds to pay out dividends."

Kim further emphasized, "Palantir is positioning itself not just as a simple software company, but as an AI infrastructure company that supports security, policy, and the entire industrial sector." He added, "In the second quarter of this year, Palantir surpassed $1 billion in quarterly revenue for the first time, demonstrating that its AI-centric business model is translating into real revenue growth."

The SOL Palantir Covered Call OTM Bond Mix ETF employs a strategy that participates in the upside of Palantir's stock price while aggressively generating income by selling out-of-the-money call options. The SOL Palantir US Treasury Covered Call Mix ETF is structured to pursue more stable monthly dividend income by allocating up to 30% to Palantir and adding a covered call strategy using long-term US Treasury bonds.

Both products allow investors to pursue capital gains and monthly dividend income simultaneously by investing in Palantir, a leading global AI company, while employing a covered call strategy. They are eligible for 100% investment through pension savings and retirement pension (DC/IRP) accounts. Since the premiums generated from option sales are not subject to US withholding tax, the tax deferral effect within tax-advantaged accounts can also be maximized.

This content was produced with the assistance of AI translation services.