FirstRand PayPal-linked ETNs synthetically reinvest PayPal dividend of $0.14 per share, lifting NAV

Bitget2026/09/28 14:35

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FirstRand Bank reported that PayPal Holdings paid a dividend of $0.14 a share on Sept. 25, 2026, triggering a synthetic reinvestment for its PPETNC and PPETNQ exchange-traded notes.
The dividend was reinvested net of a 15% effective tax rate, leaving a reinvestment amount of $0.119 a share.
The reinvestment was executed at a price of $55.04 a share.
The bank said the synthetic reinvestment increases the fractional number of PayPal shares referenced by each ETN, with no cash distribution to holders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FirstRand Bank Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S603936), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FirstRand PayPal-linked ETNs synthetically reinvest PayPal dividend of $0.14 per share, lifting NAV

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