What are CONY's May 2026 distribution pay dates?

CONY is in YieldMax Weekly Group 1, which pays every Thursday. The four confirmed pay dates for May 2026 are May 7, May 14, May 21, and May 28. Declaration falls on the preceding Tuesday; ex/record date falls on the preceding Wednesday. Always confirm amounts at yieldmaxetfs.com/news/ approximately two business days before each pay date.

What are MSTY's May 2026 distribution pay dates?

MSTY is also in Weekly Group 1 alongside CONY, so it shares the same Thursday pay schedule: May 7, May 14, May 21, and May 28. Both tickers declare on Tuesday, go ex/record on Wednesday, and pay on Thursday. If you hold both, the cash arrives the same day.

How does Return of Capital (ROC) in 1099-DIV Box 3 affect my cost basis?

ROC reduces your cost basis dollar-for-dollar. With Group 1 delivering roughly 48–52 distribution events per year, basis erosion compounds faster than it would under a monthly schedule — not because total ROC is larger, but because each reduction arrives weekly. Once your cost basis reaches zero, any further ROC is immediately taxable as a capital gain. Track your cost basis throughout the year using your broker's cost basis ledger rather than reconstructing it at tax time.

Should I hold Group 1 ETFs like CONY or MSTY in a taxable account or an IRA?

Taxable accounts create meaningful administrative friction: 48–52 Form 1099-DIV events per ticker per year, real-time basis adjustments for ROC, and no wash-sale relief when rotating between covered-call ETFs. A traditional IRA defers all income taxes; a Roth IRA eliminates them entirely. For investors who want the weekly Thursday income cadence without the tax complexity, a tax-advantaged wrapper is structurally superior. That said, IRA contributions are capped, and NAV erosion risk exists inside an IRA just as it does in a taxable account.

How many distributions does a Group 1 ETF pay per year?

YieldMax targets a distribution every Thursday the US market is open, which produces 48–52 events per year depending on federal holidays and any issuer-level schedule adjustments. Memorial Day, Independence Day, Thanksgiving, and Christmas are the most common dates where a Tuesday declaration or Wednesday ex-date may shift. Confirm holiday-week schedules at yieldmaxetfs.com/news/.

Does the Memorial Day 2026 holiday affect Group 1's May 26 declaration?

Potentially yes. Memorial Day falls on Monday, May 25, 2026 — a US federal holiday. Group 1 declarations are normally scheduled for Tuesday, so the Week 4 declaration (ordinarily May 26) should not be directly affected by a Monday closure. However, if any settlement or liquidity adjustment shifts the timeline, YieldMax will publish changes at yieldmaxetfs.com/news/. Verify the Week 4 schedule in the week of May 18 before assuming the May 28 pay date is confirmed.

YieldMax Group 1 May 2026 Distribution Calendar (Thursday...

If you hold CONY, MSTY, or any of the other 23 tickers in YieldMax Weekly Group 1, your distribution schedule for May 2026 looks like this: Thursday, May 7 — Thursday, May 14 — Thursday, May 21 — Thursday, May 28. Four pay dates, all Thursdays, all four weeks of the month.

That cadence is the direct result of the October 2025 transition away from the old A/B/C/D monthly group model. Before October 8, 2025, a Group 1 ticker paid once per month, on the Thursday of a specific week. Today, every ticker in Group 1 pays every Thursday the market is open. If you are still searching for CONY’s “monthly distribution date,” your mental model is one product generation behind.

This post covers the full Group 1 roster, the confirmed May 2026 schedule, how settlement mechanics work under T+1, what 48–52 annual distributions mean for your Form 1099-DIV, and how to handle the Memorial Day wrinkle in Week 4.

The 25 Tickers in Weekly Group 1

All 25 Group 1 ETFs follow the same cycle: declare Tuesday, ex/record Wednesday, pay Thursday.

Ticker	Underlying Asset
ABNY	Airbnb (ABNB)
AIYY	AI sector index (broad-based thematic)
AMDY	AMD
AMZY	Amazon (AMZN)
APLY	Apple (AAPL)
BABO	Alibaba (BABA)
BRKC	Berkshire Hathaway Class B (BRK.B)
CHPY	Semiconductor Portfolio (broad-based index)
CONY	Coinbase (COIN)
CRCO	CRCL underlying (confirm at yieldmaxetfs.com)
CRSH	Tesla Short (TSLA Short)
CVNY	Carvana (CVNA)
DIPS	NVIDIA Short (NVDA Short)
FEAT	Featured 5 Index (Dorsey Wright broad-based)
FIVY	Hybrid 5 Index (Dorsey Wright broad-based)
MRNY	Moderna (MRNA)
MSFO	Microsoft (MSFT)
MSTY	MicroStrategy (MSTR) — Maximized
TSMY	Taiwan Semiconductor (TSM)
WNTR	MicroStrategy Short (MSTR Short)
XOMO	ExxonMobil (XOM)
XYZY	XYZ (Block Inc., confirm at yieldmaxetfs.com)
YBIT	Bitcoin (via spot BTC ETFs)
YMAX	Multi-Fund Universe (fund-of-funds)
YQQQ	Nasdaq-100 Short (QQQ Short)

The underlying identifies what the covered-call strategy writes options against. CONY writes calls on COIN; MSTY writes calls on MSTR. The option premium collected is the primary source of each distribution — not dividends from the underlying, and not a fixed yield target.

For the complete fund-level data on any individual ticker, see yieldmaxetfs.com/distribution-schedule/.

May 2026 Group 1 Schedule — Four Thursdays

YieldMax publishes confirmed amounts on the news page approximately two business days before each pay date. The dates below are the confirmed schedule structure; declared per-share amounts are live-data only and not reproduced here.

Week	Declaration (Tue)	Ex / Record (Wed)	Payment (Thu)
Week 1	May 5	May 6	May 7
Week 2	May 12	May 13	May 14
Week 3	May 19	May 20	May 21
Week 4	May 26	May 27	May 28

Source: yieldmaxetfs.com/distribution-schedule/ — verified 2026-04-23.

Settlement Mechanics Under T+1

US equity markets now settle on a T+1 basis, meaning a trade executed today settles and transfers ownership the next business day. This tightens the window around ex-dates.

Practical example using CONY’s Week 2 distribution:

May 12 (Tuesday) — Declaration day. YieldMax publishes the confirmed per-share amount and confirms the ex/record date. You must already hold shares to be eligible.
May 13 (Wednesday) — Ex-dividend and record date. If you buy CONY on May 13 or later, your trade settles on May 14 at the earliest, meaning you are not on record as of May 13. You do not receive the Week 2 distribution.
May 14 (Thursday) — Payment date. Cash credits to accounts at Fidelity, Schwab, Robinhood, Webull, and most major US custodians on the pay date or by market open the following morning.

The key decision point is being positioned before Wednesday’s open. A Monday or Tuesday purchase guarantees T+1 settlement by Wednesday.

Full weekly distribution structure explained →

Memorial Day and Week 4

Memorial Day falls on Monday, May 25, 2026 — a US federal holiday. Group 1 declarations are scheduled on Tuesdays, which means Week 4’s declaration (May 26) is one day after a federal holiday rather than on it. That should not disrupt the Group 1 timeline.

However, YieldMax states explicitly: “All dates are subject to change.” If NYSE settlement operations or liquidity conditions cause any adjustment, the issuer will post changes at yieldmaxetfs.com/news/. Check the news page in the week of May 18 before assuming May 28 is locked.

Group 3 (Target 25™, Wednesday pay) carries a more direct Memorial Day risk because its declarations fall on Monday. That situation is addressed in the Group 3 post.

US Tax Treatment: 1099-DIV and Weekly Distributions

Box 1a vs. Box 3 — The Split That Matters

YieldMax distributions appear on your Form 1099-DIV at year-end. Two boxes are relevant:

Box 1a — Ordinary dividends: The taxable portion, reported at ordinary income rates. Covered-call ETF distributions generally do not qualify for the reduced qualified dividend rate because the underlying option strategy does not meet the IRS holding period requirements under IRC § 1(h)(11).

Box 3 — Nondividend distributions (Return of Capital): The portion of each distribution that represents a return of your own invested capital. ROC is not immediately taxable — instead, it reduces your cost basis in the ETF.

YieldMax does not publish a real-time Box 1a / Box 3 breakdown. The final split is determined at year-end and appears on consolidated 1099-DIV forms typically issued by brokers in mid-February following the tax year.

Why Weekly Frequency Accelerates Basis Erosion

Frequency does not change how distributions are categorized. ROC is ROC whether it arrives 12 times per year or 52 times per year. What changes is the speed of adjustment.

With 48–52 Group 1 distribution events per year, each ROC-containing payment reduces your cost basis by a small amount — but those small reductions accumulate across all 52 events. An investor holding CONY for a full calendar year will see their cost basis adjusted up to 52 times. Under the old monthly model, that was 12 adjustments.

The practical consequence: your cost basis can reach zero faster under a weekly structure. Once basis hits zero, any additional ROC is immediately taxable as a capital gain at the time of receipt — not deferred to a future sale event.

Cost Basis Tracking — Don’t Wait Until February

Track your cost basis quarterly rather than reconstructing it in January. Your broker’s “Cost Basis” ledger (available in most platforms under Account → Positions → Cost Basis detail) should reflect each ROC adjustment after the year-end classification is published by YieldMax. Some brokers update this automatically; others require you to adjust manually using the 1099-DIV Box 3 amount divided across positions.

If you hold multiple Group 1 tickers — for example CONY, MSTY, and YBIT simultaneously — you are tracking three separate cost basis ladders, each declining at a pace driven by that ticker’s individual ROC percentage.

The IRA Structural Advantage

Ordinary income distributions at weekly frequency create real administrative complexity in taxable accounts. That complexity disappears entirely in a traditional IRA (tax-deferred) or Roth IRA (tax-free):

No per-distribution 1099-DIV tracking
No cost basis adjustments
No wash-sale exposure when rotating between covered-call ETFs
No immediate capital gain when basis reaches zero

This is why a meaningful portion of Group 1 positions — particularly in high-yield tickers like MSTY and CONY — are held inside IRAs. The income cadence is identical; the paperwork burden is eliminated.

IRAs are not a free pass on investment risk. NAV erosion in a covered-call ETF occurs regardless of account type. But for investors who want the Thursday weekly cash flow and have IRA contribution room available, the wrapper matters.

Editorial Position: Group 1 Is Not a Set-It-and-Forget-It Income Stream

The Thursday-every-week distribution cadence is genuinely attractive for income investors building a cash-flow schedule. CONY and MSTY are among the most widely held YieldMax tickers precisely because the Coinbase and MicroStrategy underlyings attract investors already familiar with crypto-adjacent volatility.

The risk that offset this appeal is worth stating plainly: covered-call ETFs can and do experience sustained NAV decline in trending markets. When the underlying moves sharply upward, the written call caps the ETF’s upside while the NAV of competitors not using covered calls increases. Distributions received during that period may be partially offset by capital losses on the position itself.

Measure performance quarterly against the underlying rather than looking only at the distribution yield. If CONY has distributed meaningfully but COIN has surged 40%, the question is whether total return (distributions received minus any NAV decline) justifies holding CONY over COIN outright.

MSTY deep review: MicroStrategy covered-call ETF →

NVDY vs CONY full comparison →

How to Verify Declared Amounts Before Each Pay Date

yieldmaxetfs.com/news/ — Declared per-share amounts are published approximately two business days before each pay date (i.e., on Tuesday for Thursday Group 1 payments). This is the only authoritative source.
yieldmaxetfs.com/distribution-schedule/ — Group assignments and upcoming confirmed dates. Check here if you suspect a ticker has changed groups.
Your broker’s dividend calendar — Fidelity, Schwab, and Webull project ex-dates from issuer filings. Cross-check with the YieldMax news page when amounts are material to your decision.

Never rely on third-party ETF data aggregators for YieldMax distribution amounts. Several sites have published incorrect underlying identifications (the MARO/Marriott confusion being the most common example) and lagged or incorrect distribution histories.

Disclaimer: Distribution schedule information in this post reflects data verified at yieldmaxetfs.com on 2026-04-23. YieldMax may adjust group assignments, payment dates, or distribution structure at any time. Nothing in this post constitutes investment advice. All investment decisions and their consequences are the sole responsibility of the investor. Consult a qualified tax professional regarding 1099-DIV treatment, ROC basis adjustments, and retirement account suitability.

Last verified: 2026-04-23 · yieldmaxetfs.com/distribution-schedule/