{"success":true,"data":{"pressRelease":{"id":"129819","rtpr_id":"nBw1BPgLDa","ticker":"AMZA","exchange":"NYSE Arca","all_tickers":["AMZA"],"title":"InfraCap MLP ETF (NYSE Arca: AMZA) Tax Update","author":"Business Wire","published_at":"2026-08-27T20:08:00.155Z","article_body":"InfraCap MLP ETF (NYSE Arca: AMZA) Tax Update\n\nInfraCap MLP ETF (NYSE Arca: AMZA or the “Fund”) has modified the estimate\nof its deferred tax liability based on changes in its valuation allowance\noffsetting capital losses. Changes in the valuation allowance are based on\nsales and to some extent on the information reported by the Master Limited\nPartnerships (MLPs). The Fund recorded a reduction to the tax accrual of\napproximately $1.3 million (approximately $0.13 per share), which will\nincrease the net asset value of the Fund on August 27, 2026. As part of the\ntax accrual adjustment, the Fund’s deferred tax liability has decreased.\n\nFrom time to time, the Adviser will modify the estimates or assumptions\nregarding the Fund’s deferred taxes and valuation allowances as new\ninformation becomes available and may consider, among other matters, the\nduration of statutory carryforward periods, shareholder transactions, market\nconditions, and information provided by the MLPs, which may not be provided to\nthe Fund on timely basis. The Fund’s estimates regarding its deferred tax\nliability are made in good faith; however, the daily estimate of the Fund’s\ndeferred tax liability used to calculate the Fund’s NAV could vary\nsignificantly from the Fund’s actual tax liability.\n\nDirect any inquiries to info@virtus.com (mailto:info@virtus.com) or by calling\n1-888-383-0553.\n\nImportant Disclosures\n\nPlease consider the investment objectives, risks, charges and expenses of the\nFund carefully before investing. The prospectus contains this and other\ninformation about the Fund. Contact us at 1-888-383-0553 or visit virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.virtus.com&esheet=54595731&newsitemid=20260827473433&lan=en-US&anchor=virtus.com&index=1&md5=0c38f890184f8a60cb745b5bbc8d1acc)\nfor a copy of the Fund's prospectus. Read the prospectus carefully before you\ninvest or send money.\n\nIMPORTANT RISK CONSIDERATIONS\n\nExchange-Traded Funds (ETF): The value of an ETF may be more volatile than the\nunderlying portfolio of securities it is designed to track. The costs to the\nfund of owning shares of an ETF may exceed the cost of investing directly in\nthe underlying securities. Master Limited Partnerships: Investments in MLPs\nmay be adversely impacted by interest rates, tax law changes, regulation, or\nfactors affecting underlying assets. Energy Industry Concentration: The\nportfolio’s investments are concentrated in the energy industry and presents\ngreater risks than if the portfolio was broadly diversified over numerous\nsectors of the economy. Leverage: When a portfolio is leveraged, the value of\nits securities may be more volatile and all other risks may be compounded.\nOptions: Selling call options may limit the opportunity to profit from the\nincrease in price of the underlying asset. Selling put options risks loss if\nthe option is exercised while the price of the underlying asset is rising.\nBuying options risks loss of the premium paid for those options. Market\nPrice/NAV: At the time of purchase and/or sale, an investor’s shares may\nhave a market price that is above or below the Fund’s NAV, which may\nincrease the investor’s risk of loss. Market Volatility: The value of the\nsecurities in the portfolio may go up or down in response to the prospects of\nindividual companies and/or general economic conditions. Local, regional, or\nglobal events such as war, terrorism, pandemic, or recession could impact the\nportfolio, including hampering the ability of the portfolio’s manager(s) to\ninvest its assets as intended. Prospectus: For additional information on\nrisks, please see the Fund’s prospectus.\n\nMLPs taxed as partnerships generally do not pay U.S. federal income tax at the\npartnership level, subject to the application of certain partnership audit\nrules. Rather, each partner is allocated a share of the MLP’s income, gains,\nlosses, deductions and expenses. A change in current tax law, or a change in\nthe underlying business mix of a given MLP, could result in an MLP being\ntreated as a corporation for U.S. federal income tax purposes, which would\nresult in such MLP being required to pay U.S. federal income tax on its\ntaxable income. The classification of an MLP as a corporation for U.S. federal\nincome tax purposes would have the effect of reducing the amount of cash\navailable for distribution by the MLP. Thus, if any of the MLPs owned by the\nFund were treated as corporations for U.S. federal income tax purposes, it\ncould result in a reduction in the value of your investment in the Fund and\nlower income.\n\nThe Fund is classified for federal income tax purposes as a taxable regular\ncorporation or so-called Subchapter “C” corporation. As a “C”\ncorporation, the Fund accrues deferred tax liability for its future tax\nliability associated with the capital appreciation of its investments and the\ndistributions received by the Fund on equity securities of master limited\npartnerships considered to be a return of capital and for any net operating\ngains. The Fund’s accrued deferred tax liability, if any, is reflected each\nday in the Fund’s net asset value per share. The deferred income tax\nexpense/(benefit) represents an estimate of the Fund’s potential tax\nexpense/(benefit) if it were to recognize the unrealized gains/ (losses) in\nthe portfolio. An estimate of deferred income tax expense/(benefit) is\ndependent upon the Fund’s net investment income/(loss) and realized and\nunrealized gains/(losses) on investments and such expenses may vary greatly\nfrom year to year and from day to day depending on the nature of the Fund’s\ninvestments, the performance of those investments and general market\nconditions. Therefore, any estimate of deferred income tax expense/(benefit)\ncannot be reliably predicted from year to year.\n\nNot insured by FDIC/NCUSIF or any federal government agency. No bank\nguarantee. Not a deposit. May lose value.\n\nETFs distributed by VP Distributors, LLC, member FINRA and subsidiary of\nVirtus Investment Partners, Inc.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260827473433/en/\n(https://www.businesswire.com/news/home/20260827473433/en/)\n\nMedia: Laura Parsons 860-263-4725 laura.parsons@virtus.com\n(mailto:laura.parsons@virtus.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw1BPgLDa","title":"InfraCap MLP ETF (NYSE Arca: AMZA) Tax Update","author":"Business Wire","ticker":"AMZA","created":"2026-08-27T20:08:00.155Z","tickers":["AMZA"],"exchange":"NYSE Arca","article_body":"InfraCap MLP ETF (NYSE Arca: AMZA) Tax Update\n\nInfraCap MLP ETF (NYSE Arca: AMZA or the “Fund”) has modified the estimate\nof its deferred tax liability based on changes in its valuation allowance\noffsetting capital losses. Changes in the valuation allowance are based on\nsales and to some extent on the information reported by the Master Limited\nPartnerships (MLPs). The Fund recorded a reduction to the tax accrual of\napproximately $1.3 million (approximately $0.13 per share), which will\nincrease the net asset value of the Fund on August 27, 2026. As part of the\ntax accrual adjustment, the Fund’s deferred tax liability has decreased.\n\nFrom time to time, the Adviser will modify the estimates or assumptions\nregarding the Fund’s deferred taxes and valuation allowances as new\ninformation becomes available and may consider, among other matters, the\nduration of statutory carryforward periods, shareholder transactions, market\nconditions, and information provided by the MLPs, which may not be provided to\nthe Fund on timely basis. The Fund’s estimates regarding its deferred tax\nliability are made in good faith; however, the daily estimate of the Fund’s\ndeferred tax liability used to calculate the Fund’s NAV could vary\nsignificantly from the Fund’s actual tax liability.\n\nDirect any inquiries to info@virtus.com (mailto:info@virtus.com) or by calling\n1-888-383-0553.\n\nImportant Disclosures\n\nPlease consider the investment objectives, risks, charges and expenses of the\nFund carefully before investing. The prospectus contains this and other\ninformation about the Fund. Contact us at 1-888-383-0553 or visit virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.virtus.com&esheet=54595731&newsitemid=20260827473433&lan=en-US&anchor=virtus.com&index=1&md5=0c38f890184f8a60cb745b5bbc8d1acc)\nfor a copy of the Fund's prospectus. Read the prospectus carefully before you\ninvest or send money.\n\nIMPORTANT RISK CONSIDERATIONS\n\nExchange-Traded Funds (ETF): The value of an ETF may be more volatile than the\nunderlying portfolio of securities it is designed to track. The costs to the\nfund of owning shares of an ETF may exceed the cost of investing directly in\nthe underlying securities. Master Limited Partnerships: Investments in MLPs\nmay be adversely impacted by interest rates, tax law changes, regulation, or\nfactors affecting underlying assets. Energy Industry Concentration: The\nportfolio’s investments are concentrated in the energy industry and presents\ngreater risks than if the portfolio was broadly diversified over numerous\nsectors of the economy. Leverage: When a portfolio is leveraged, the value of\nits securities may be more volatile and all other risks may be compounded.\nOptions: Selling call options may limit the opportunity to profit from the\nincrease in price of the underlying asset. Selling put options risks loss if\nthe option is exercised while the price of the underlying asset is rising.\nBuying options risks loss of the premium paid for those options. Market\nPrice/NAV: At the time of purchase and/or sale, an investor’s shares may\nhave a market price that is above or below the Fund’s NAV, which may\nincrease the investor’s risk of loss. Market Volatility: The value of the\nsecurities in the portfolio may go up or down in response to the prospects of\nindividual companies and/or general economic conditions. Local, regional, or\nglobal events such as war, terrorism, pandemic, or recession could impact the\nportfolio, including hampering the ability of the portfolio’s manager(s) to\ninvest its assets as intended. Prospectus: For additional information on\nrisks, please see the Fund’s prospectus.\n\nMLPs taxed as partnerships generally do not pay U.S. federal income tax at the\npartnership level, subject to the application of certain partnership audit\nrules. Rather, each partner is allocated a share of the MLP’s income, gains,\nlosses, deductions and expenses. A change in current tax law, or a change in\nthe underlying business mix of a given MLP, could result in an MLP being\ntreated as a corporation for U.S. federal income tax purposes, which would\nresult in such MLP being required to pay U.S. federal income tax on its\ntaxable income. The classification of an MLP as a corporation for U.S. federal\nincome tax purposes would have the effect of reducing the amount of cash\navailable for distribution by the MLP. Thus, if any of the MLPs owned by the\nFund were treated as corporations for U.S. federal income tax purposes, it\ncould result in a reduction in the value of your investment in the Fund and\nlower income.\n\nThe Fund is classified for federal income tax purposes as a taxable regular\ncorporation or so-called Subchapter “C” corporation. As a “C”\ncorporation, the Fund accrues deferred tax liability for its future tax\nliability associated with the capital appreciation of its investments and the\ndistributions received by the Fund on equity securities of master limited\npartnerships considered to be a return of capital and for any net operating\ngains. The Fund’s accrued deferred tax liability, if any, is reflected each\nday in the Fund’s net asset value per share. The deferred income tax\nexpense/(benefit) represents an estimate of the Fund’s potential tax\nexpense/(benefit) if it were to recognize the unrealized gains/ (losses) in\nthe portfolio. An estimate of deferred income tax expense/(benefit) is\ndependent upon the Fund’s net investment income/(loss) and realized and\nunrealized gains/(losses) on investments and such expenses may vary greatly\nfrom year to year and from day to day depending on the nature of the Fund’s\ninvestments, the performance of those investments and general market\nconditions. Therefore, any estimate of deferred income tax expense/(benefit)\ncannot be reliably predicted from year to year.\n\nNot insured by FDIC/NCUSIF or any federal government agency. No bank\nguarantee. Not a deposit. May lose value.\n\nETFs distributed by VP Distributors, LLC, member FINRA and subsidiary of\nVirtus Investment Partners, Inc.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260827473433/en/\n(https://www.businesswire.com/news/home/20260827473433/en/)\n\nMedia: Laura Parsons 860-263-4725 laura.parsons@virtus.com\n(mailto:laura.parsons@virtus.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-27T20:08:00.233817035Z","server_sent_at_ms":1787861280233},"received_at":"2026-08-27T20:08:00.298Z","source_url":"https://www.businesswire.com/news/home/20260827473433/en/"},"analysis":{"id":"118731","press_release_id":"129819","analysis_json":{"industry":{"label":"Diversified Financials","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"InfraCap MLP ETF modified its estimate of deferred tax liability, recording a reduction of approximately $1.3 million, or $0.13 per share.\n\nThis adjustment will increase the Fund's net asset value on August 27, 2026, driven by changes in the valuation allowance offsetting capital losses.\n\nThe Adviser noted that deferred tax estimates are made in good faith but may vary significantly from actual liability depending on market conditions and MLP reporting timeliness.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Tax accrual adjustment boosts NAV by $0.13 per share."},"keyFigures":{"customDimensions":{"tax_accrual_reduction":"$1.3 million","nav_increase_per_share":"$0.13"}},"quotedText":"","namedEntities":{"people":[{"name":"Laura Parsons","role":"Media Contact"}],"products":["InfraCap MLP ETF"],"companies":[{"name":"InfraCap MLP ETF","ticker":"AMZA"},{"name":"VP Distributors, LLC","relationship":"Distributor"},{"name":"Virtus Investment Partners, Inc.","relationship":"Parent"}],"dollarAmounts":[{"amount":"$1.3 million","context":"reduction to tax accrual"},{"amount":"$0.13","context":"increase in net asset value per share"}]},"materialImpact":{"score":2,"reasoning":"The Fund recorded a reduction in tax accrual of $1.3 million ($0.13 per share) which boosts NAV, but this is an accounting estimate adjustment rather than an operational earnings beat or strategic shift."},"tickerRelevance":{"others":[],"primary":"AMZA"},"globalImportance":10,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"etf","eventGravity":"minor_accounting_adjustment","sectorWeight":"financials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"InfraCap MLP ETF modified its estimate of deferred tax liability, recording a reduction of approximately $1.3 million, or $0.13 per share.\n\nThis adjustment will increase the Fund's net asset value on August 27, 2026, driven by changes in the valuation allowance offsetting capital losses.\n\nThe Adviser noted that deferred tax estimates are made in good faith but may vary significantly from actual liability depending on market conditions and MLP reporting timeliness.","key_figures":{"customDimensions":{"tax_accrual_reduction":"$1.3 million","nav_increase_per_share":"$0.13"}},"named_entities":{"people":[{"name":"Laura Parsons","role":"Media Contact"}],"products":["InfraCap MLP ETF"],"companies":[{"name":"InfraCap MLP ETF","ticker":"AMZA"},{"name":"VP Distributors, LLC","relationship":"Distributor"},{"name":"Virtus Investment Partners, Inc.","relationship":"Parent"}],"dollarAmounts":[{"amount":"$1.3 million","context":"reduction to tax accrual"},{"amount":"$0.13","context":"increase in net asset value per share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-27T20:24:07.760Z","global_importance":10,"audience_relevance":10,"importance_components":{"tickerTier":"etf","eventGravity":"minor_accounting_adjustment","sectorWeight":"financials"}},"durationMs":111353,"modelName":"glm-4.7"}}