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Press

Purpose Investments Inc. Announces January Distributions

Purpose Investments Inc. is pleased to announce the following distributions for the month of January 2019. The ex-distribution date for all ETFs is January 28, 2019, with the exception of Purpose High Interest Savings ETF and Purpose US Cash ETF, which have an ex-distribution date of January 30, 2019. The ex-distribution date for all closed-end funds is January 30, 2019.

Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
Purpose Core Dividend Fund – ETF Series PDF $ 0.08501 01/29/2019 02/07/2019 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.05221 01/29/2019 02/07/2019 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $ 0.05861 01/29/2019 02/07/2019 Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series PHR $ 0.08001 01/29/2019 02/07/2019 Monthly
Purpose Monthly Income Fund – ETF Series PIN $ 0.08301 01/29/2019 02/07/2019 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.08301 01/29/2019 02/07/2019 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.08851 01/29/2019 02/07/2019 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $ 0.08851 01/29/2019 02/07/2019 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.08501 01/29/2019 02/07/2019 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.05401 01/29/2019 02/07/2019 Monthly
Purpose International Dividend Fund – ETF Units PID $ 0.0780 01/29/2019 02/07/2019 Monthly
Purpose US Dividend Fund – ETF Units PUD $ 0.0650 01/29/2019 02/07/2019 Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $ 0.0760 01/29/2019 02/07/2019 Monthly
Purpose Global Bond Fund – ETF Units BND $ 0.0483 01/29/2019 02/07/2019 Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units SBND $ 0.0620 01/29/2019 02/07/2019 Monthly
Purpose High Interest Savings ETF PSA $ 0.0897 01/30/2019 02/07/2019 Monthly
Purpose US Cash ETF PSU.U US$ 0.2103 01/30/2019 02/07/2019 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $ 0.0970 01/29/2019 02/07/2019 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $ 0.0840 01/29/2019 02/07/2019 Monthly
Purpose Managed Duration Investment Grade Bond Fund – ETF Units IGB $ 0.04581 01/29/2019 02/07/2019 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $ 0.0950 01/29/2019 02/07/2019 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $ 0.06301 01/29/2019 02/07/2019 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $ 0.0940 01/29/2019 02/07/2019 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $ 0.0940 01/29/2019 02/07/2019 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $ 0.0403 01/29/2019 02/07/2019 Monthly
Purpose Energy Credit Fund – ETF Units PCF $ 0.0350 01/29/2019 02/07/2019 Monthly
Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units PCF.U US$ 0.0359 01/29/2019 02/07/2019 Monthly
Purpose Floating Rate Income Fund – ETF Units FLOT $ 0.0312 01/29/2019 02/07/2019 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged USD – ETF Units FLOT.U US$ 0.0371 01/29/2019 02/07/2019 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged – ETF Units FLOT.B $ 0.0352 01/29/2019 02/07/2019 Monthly
Purpose Global Financials Income Fund – ETF Units PFG $ 0.0468 01/29/2019 02/07/2019 Monthly
 

 

Closed-End Funds Ticker Symbol Distribution

per share/unit

Record Date Payable Date Distribution Frequency
Investment Grade Managed Duration Income Fund – Class T PFU.UN $ 0.0417 01/31/2019 02/14/2019 Monthly
U.S. Banks Income & Growth Fund – Class T PUB.UN $ 0.0417 01/31/2019 02/14/2019 Monthly
U.S. Banks Income & Growth Fund – Class A2 unlisted $ 0.0417 01/31/2019 02/14/2019 Monthly
Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $ 0.1146 01/31/2019 02/14/2019 Monthly
Canadian Investment Grade Preferred Share Fund – Class A unlisted $ 0.1146 01/31/2019 02/14/2019 Monthly
  1. Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
  2. Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

Purpose Investments Inc. Announces Termination of Purpose Short Duration Tactical Bond Fund

Purpose Investments Inc. (“Purpose”) announced today that it will terminate Purpose Short Duration Tactical Bond Fund (the “Fund”) and will redeem all of its issued and outstanding ETF units, Class A units, Class F units and Class D units (collectively, the “Units”) in accordance with the terms of the Fund’s amended and restated declaration of trust, dated December 3, 2018, on March 22, 2019 (the “Termination Date”).

The decision to close the Fund was driven primarily by an overlap in mandates within our fund lineup. Additionally, its relatively low assets under management and the costs associated with maintaining a fund of this size has made it difficult to efficiently manage the Fund in accordance with its intended investment objectives. As a result, the termination, in the view of Purpose, is in the best interests of unitholders.

Effective as of the market close on January 11, 2019, shares of the Fund are no longer available for purchase, including any purchases made through a pre-authorized purchase plan.

The redemption price payable for the Units will be an amount equal to the net asset value per unit of the applicable class on the Termination Date and will be payable to unitholders on or before March 26, 2019.

It is anticipated that the ETF units of the Fund will be voluntarily delisted from the Toronto Stock Exchange on or about March 21, 2019 at the close.

As stated above, the effective date of termination of the Fund is expected to be March 22, 2019. If you still hold a position in the Fund at 4:00 pm EST on the Termination Date, your position will be liquidated, with the proceeds either deposited into your account or a cheque mailed directly to you or to your dealer, nominee or intermediary, depending on your account registration. If you hold shares of the Fund, there may be tax implications to any disposition of your holdings. We strongly urge you to contact your financial advisor to discuss the financial and tax implications associated with a redemption of shares and the termination of the Fund in your particular circumstances.

Investors looking to fulfill a mandate similar to Purpose Short Duration Tactical Bond Fund may want to consider Purpose Global Bond Fund (BND), an actively managed global bond strategy managed by Neuberger Berman, a leading global fixed income manager. The investment objective of BND is to maximize yield and protect capital by investing in global investment grade fixed income securities through an active, fundamental approach while also managing interest rate risk.

About Purpose Investments

Purpose Investments is an asset management company with an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Inc. Announces Final Annual Capital Gains Distribution

Toronto, December 19, 2018 – Purpose Investments Inc. (“Purpose”) today announced the final annual capital gains distributions for its exchange-traded funds and closed-end funds (“Funds”) with a December 15, 2018 tax year end. The distributions represent capital gains realized during the year. They will not be paid in cash, but instead will be reinvested in additional units. The resulting units will immediately be consolidated so that the number of units held by each investor will not change.

Unitholders of record at close of business on December 27, 2018, will receive the 2018 capital gains distributions.

Details of the per unit distribution amounts are as follows:

 

Purpose Mutual Fund Trusts Ticker Symbol Final Annual Capital Gains Distribution Per Unit
Purpose Marijuana Opportunities Fund – ETF Units MJJ $ 3.66
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B1 $ 2.50

 

Closed-End Funds Ticker Symbol Final Annual Capital Gains Distribution Per Unit
U.S. Banks Income & Growth Fund – Class T PUB.UN $ 0.45
U.S. Banks Income & Growth Fund – Class A2 Unlisted $ 0.46
Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $ 0.11
Canadian Investment Grade Preferred Share Fund – Class A Unlisted $ 0.11

 

(1) PUD.B realized capital gains in 2018 from rebalancing U.S. equities as USD appreciated against the CAD.

 

Purpose expects to announce the final annual capital gains distribution amounts for Purpose High Interest Savings ETF, Purpose US Cash ETF, Purpose Gold Bullion Fund and Purpose Silver Bullion Trust on or about December 31, 2018, if necessary.

 

For Purpose Fund Corp., Purpose Fund Corp. II, Purpose Mutual Funds Limited., and Connected Wealth Funds Inc., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 15, 2019, if necessary. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.

 

About Purpose Investments
 

Purpose Investments is an asset management company with approximately $6.7 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

 

For further information please contact:

Matt Padanyi

Purpose Investments Inc. Tel: (877) 789-1517

Email: info@purposeinvest.com

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

Purpose Investments Inc. Announces December Distributions

Toronto, December 14, 2018 – Purpose Investments Inc. is pleased to announce the following distributions for the month of December 2018. The ex-distribution date for all ETFs is December 24, 2018, with the exception of Purpose High Interest Savings ETF and Purpose US Cash ETF, which have an ex-distribution date of December 31, 2018. The ex-distribution date for all closed-end funds is December 28, 2018.

 

 

Open-End Funds

Ticker Symbol Distribution per

share/unit

Record Date Payable Date Distribution Frequency
Purpose Core Dividend Fund – ETF Series PDF $ 0.08501 12/27/2018 01/08/2019 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.05221 12/27/2018 01/08/2019 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $ 0.05861 12/27/2018 01/08/2019 Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series PHR $ 0.08001 12/27/2018 01/08/2019 Monthly
Purpose Monthly Income Fund – ETF Series PIN $ 0.08301 12/27/2018 01/08/2019 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.08301 12/27/2018 01/08/2019 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.08851 12/27/2018 01/08/2019 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $ 0.08851 12/27/2018 01/08/2019 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.08501 12/27/2018 01/08/2019 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.05401 12/27/2018 01/08/2019 Monthly
Purpose International Dividend Fund – ETF Units PID $ 0.0780 12/27/2018 01/08/2019 Monthly
Purpose US Dividend Fund – ETF Units PUD $ 0.0650 12/27/2018 01/08/2019 Monthly
Purpose US Dividend Fund Non-Currency Hedged

– ETF Units

 

PUD.B

 

$ 0.0760

 

12/27/2018

 

01/08/2019

 

Monthly

Purpose Global Bond Fund – ETF Units BND $ 0.0483 12/27/2018 01/08/2019 Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units SBND $ 0.0620 12/27/2018 01/08/2019 Monthly
Purpose High Interest Savings ETF PSA $ 0.0923 12/31/2018 01/08/2019 Monthly
Purpose US Cash ETF PSU.U US$ 0.2090 12/31/2018 01/08/2019 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $ 0.0970 12/27/2018 01/08/2019 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $ 0.0840 12/27/2018 01/08/2019 Monthly
Purpose Managed Duration Investment Grade Bond Fund – ETF Units IGB $ 0.04581 12/27/2018 01/08/2019 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $ 0.0950 12/27/2018 01/08/2019 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $ 0.06271 12/27/2018 01/08/2019 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $ 0.0940 12/27/2018 01/08/2019 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $ 0.0940 12/27/2018 01/08/2019 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $ 0.0403 12/27/2018 01/08/2019 Monthly
Purpose Energy Credit Fund – ETF Units PCF $ 0.0350 12/27/2018 01/08/2019 Monthly
Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units PCF.U US$ 0.0359 12/27/2018 01/08/2019 Monthly
Purpose Floating Rate Income Fund – ETF Units FLOT $ 0.0312 12/27/2018 01/08/2019 Monthly
Purpose Floating Rate Income Fund – Non- Currency Hedged USD – ETF Units FLOT.U US$ 0.0371 12/27/2018 01/08/2019 Monthly
Purpose Floating Rate Income Fund – Non- Currency Hedged – ETF Units FLOT.B $ 0.0352 12/27/2018 01/08/2019 Monthly
Purpose Global Financials Income Fund – ETF Units PFG $ 0.0468 12/27/2018 01/08/2019 Monthly
Purpose International Tactical Hedged Equity Fund

– ETF Series

PHW $ 0.10001 12/27/2018 01/08/2019 Quarterly
Purpose Diversified Real Asset Fund – ETF Series PRA $ 0.07501 12/27/2018 01/08/2019 Quarterly
Purpose Marijuana Opportunities Fund – ETF Units MJJ $ 0.0700 12/27/2018 01/08/2019 Quarterly
Purpose Multi Strategy Market Neutral Fund – ETF Units PMM $ 0.2000 12/27/2018 01/08/2019 Annually
 

Closed-End Funds

Ticker Symbol Distribution per  share/unit Record Date Payable Date Distribution Frequency
Investment Grade Managed Duration Income Fund

– Class T

PFU.UN $ 0.0417 12/31/2018 01/15/2019 Monthly
U.S. Banks Income & Growth Fund – Class T PUB.UN $ 0.0417 12/31/2018 01/15/2019 Monthly
U.S. Banks Income & Growth Fund – Class A2 unlisted $ 0.0417 12/31/2018 01/15/2019 Monthly
Canadian Investment Grade Preferred Share Fund

– Class T

RIGP.UN $ 0.1146 12/31/2018 01/15/2019 Monthly
Canadian Investment Grade Preferred Share Fund

– Class A

unlisted $ 0.1146 12/31/2018 01/15/2019 Monthly
June 2021 Investment Grade Bond Pool – Class T RBP.UN $ 0.1700 12/31/2018 01/15/2019 Quarterly
June 2021 Investment Grade Bond Pool – Class A Unlisted $ 0.2300 12/31/2018 01/15/2019 Quarterly
Purpose Specialty Lending Trust – Class A Unlisted $ 0.2000 12/31/2018 01/15/2019 Quarterly
Purpose Specialty Lending Trust – Class F Unlisted $ 0.2000 12/31/2018 01/15/2019 Quarterly
Purpose Specialty Lending Trust – Class U Unlisted US$ 0.2000 12/31/2018 01/15/2019 Quarterly

 

 

 

  1. Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial
  2. Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

 

About Purpose Investments Inc.

 

Purpose Investments is an asset management company with approximately $6.7 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

 

For further information please contact:

Matt Padanyi

Purpose Investments Inc. Tel: (877) 789-1517

Email: info@purposeinvest.com

 

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Inc. Announces Estimated Annual Capital Gains Distribution

Purpose Investments Inc. (“Purpose”) today announced the estimated annual capital gains distributions for its open-end exchange-traded funds and closed-end funds (“Funds”) for the 2018 tax year end. The estimated distributions represent capital gains realized during the year and will not be paid in cash, but will be reinvested in additional units and reported as taxable with the resulting units immediately consolidated so that the number of units held by each investor will not change.

Details of the per unit distribution amounts are as follows:

Purpose Mutual Fund Trusts Ticker Symbol Estimated Annual Capital
Gains Distribution Per Unit
Purpose Marijuana Opportunities Fund MJJ $2.7327
Closed-End Funds Ticker Symbol Estimated Annual Capital
Gains Distribution Per Unit
U.S. Banks Income & Growth Fund – Class T PUB.UN $0.1904
U.S. Banks Income & Growth Fund – Class A2 Unlisted $0.3006

Purpose confirms that the following funds are not expected to have annual capital gains distributions for the 2018 tax year:

Open-End Funds

Purpose Fund Corp.

  • Purpose Core Dividend Fund – ETF Series
  • Purpose Tactical Hedged Equity Fund – ETF Series
  • Purpose Tactical Hedged Equity Fund Non-Currency Hedged – ETF Series
  • Purpose Total Return Bond Fund – ETF Series
  • Purpose Duration Hedged Real Estate Fund – ETF Series
  • Purpose Monthly Income Fund – ETF Series
  • Purpose Premium Yield Fund – ETF Series
  • Purpose Premium Yield Fund – Non-Currency Hedged – ETF Series
  • Purpose Canadian Financial Income Fund – ETF Series
  • Purpose Conservative Income Fund – ETF Series
  • Purpose Best Ideas Fund – ETF Series
  • Purpose Best Ideas Fund Non-Currency Hedged – ETF Series
  • Purpose Enhanced US Equity Fund – ETF Series
  • Purpose Enhanced US Equity Fund Non-Currency Hedged – ETF Series
  • Purpose Diversified Real Asset Fund – ETF Series
  • Purpose International Tactical Hedged Equity Fund – ETF Series
  • Purpose Enhanced Dividend Fund – ETF Series

Purpose Fund Corp. II

  • Purpose Behavioural Opportunities Fund – ETF Series

Connected Wealth Funds Inc.

  • Purpose Core Equity Income Fund – ETF Series
  • Purpose Tactical Asset Allocation Fund – ETF Series

Purpose Mutual Funds Limited.

  • Purpose Global Innovators Fund – ETF Series
  • Purpose Managed Duration Investment Grade Bond Fund – ETF Series

Purpose Mutual Fund Trusts

  • Purpose International Dividend Fund – ETF Units
  • Purpose US Dividend Fund – ETF Units
  • Purpose US Dividend Fund Non-Currency Hedged – ETF Units
  • Purpose Global Bond Fund – ETF Units
  • Purpose Short Duration Tactical Bond Fund – ETF Units
  • Purpose High Interest Savings ETF
  • Purpose US Cash ETF
  • Purpose Multi Strategy Market Neutral Fund – ETF Units
  • Purpose Silver Bullion Trust – ETF Units
  • Purpose Silver Bullion Trust – Non-Currency Hedged – ETF Units
  • Purpose Energy Credit Fund – ETF Units
  • Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units
  • Purpose Floating Rate Income Fund – ETF Units
  • Purpose Floating Rate Income Fund – Non-Currency Hedged USD – ETF Units
  • Purpose Floating Rate Income Fund – Non-Currency Hedged – ETF Units
  • Purpose Global Financials Income Fund – ETF Units
  • Purpose Canadian Preferred Share Fund – ETF Units
  • Purpose US Preferred Share Fund – ETF Units
  • Purpose US Preferred Share Fund – Non-Currency Hedged – ETF Units
  • Purpose Emerging Markets Dividend Fund – ETF Units
  • Purpose Strategic Yield Fund – ETF Units
  • Purpose Multi-Asset Income Fund – ETF Units
  • Purpose Gold Bullion Fund – ETF Units
  • Purpose Gold Bullion Fund – Non-Currency Hedged USD – ETF Units
  • Purpose Gold Bullion Fund – Non-Currency Hedged – ETF Units

Closed-End Funds

  • Investment Grade Managed Duration Income Fund – Class T
  • Canadian Investment Grade Preferred Share Fund – Class T
  • Canadian Investment Grade Preferred Share Fund – Class A
  • June 2021 Investment Grade Bond Pool – Class T
  • June 2021 Investment Grade Bond Pool – Class A
  • Purpose Specialty Lending Trust – Class A
  • Purpose Specialty Lending Trust – Class F
  • Purpose Specialty Lending Trust – Class U

Please note that these are estimated amounts only, as of November 27, 2018. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2018 or December 31, 2018, as applicable.

Purpose expects to announce the final monthly, quarterly and annual cash distributions on all Funds on December 14, 2018. Purpose expects to announce the final annual capital gains distribution amounts on all Funds on or about December 19, 2018 except for Purpose High Interest Savings ETF, Purpose US Cash ETF and Purpose Silver Bullion Trust which will be announced on or about December 31, 2018.

For Purpose Fund Corp., Purpose Fund Corp. II, Purpose Mutual Funds Limited., and Connected Wealth Funds Inc., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 15, 2019, if necessary. As of November 27, 2018, the mutual fund corporations have no expected annual capital gains distributions. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.

About Purpose Investments

Purpose Investments is an asset management company with approximately $6.5 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Launches Two New Series of Purpose Premium Yield Fund

Toronto, November, 28 2018 – Purpose Investments, Inc. (“Purpose”) is pleased to announce the launch of two new series of Purpose Premium Yield Fund (the “Fund”) to give investors more ways to access the innovative alternative strategy. In addition to the original currency-hedged series of the Fund (TSX: PYF), Purpose is now offering a non-currency hedged series (TSX: PYF.B) and a US dollar series (TSX: PYF.U). Purpose has completed the initial public offering of non-currency hedged series (TSX: PYF.B) and a US dollar series (TSX: PYF.U) and they will commence trading on the Toronto Stock Exchange today under the ticker symbol “PYF.B” and “PYF.U” respectively. All of the series of the Fund are also available in mutual fund versions.

“Purpose Premium Yield Fund is a powerful income-generating tool to help investors build resilient portfolios. The actively managed options strategy can serve a variety of functions in a portfolio, including as an alternative to fixed income and as a complementary piece to an equity allocation to enhance diversification. Providing more ways for investors to access the Fund is just another example of the enhancements we’re doing at Purpose to make innovative investment strategies more widely available,” said Som Seif, CEO of Purpose Investments.

The Fund offers low correlation to traditional equity and bond markets while providing investors a tax-efficient yield generated through volatility premiums. Purpose Premium Yield Fund is accessible and affordable with a low management fee of 0.60%.

About Purpose’s family of alternative products

Purpose has been at the forefront of innovation in the alternative investments space since 2013, offering them through widely available prospectus-based products since. In addition to Purpose Premium Yield Fund, alternatives with Purpose also include the winner of the 2018 Canadian Hedge Fund Award for Best 1 Year Return in the market neutral category, Purpose Multi-Strategy Market Neutral Fund (ETF ticker PMM), hedged-equity strategies Purpose Tactical Hedged Equity Fund (ETF ticker PHE) and Purpose International Tactical Hedged Equity Fund (ETF ticker PRA), as well Purpose Diversified Real Asset Fund (ETF ticker PRA).

About Purpose Investments

Purpose Investments is an asset management company with approximately $6.3 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:

Matt Padanyi

Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Announces Fund Name Change and Appointment of New Sub-Advisor

Purpose Investments, Inc. (“Purpose”) is very pleased to announce that Purpose Tactical Investment Grade Bond Fund (“the Fund”) (TSX: BND) will change its name and investment sub-advisor, effective December 3, 2018. There will be no change to the ETF ticker symbol.

Effective December 3, 2018, the Purpose Tactical Investment Grade Bond Fund will be known as Purpose Global Bond Fund. The investment sub-advisor will change from Neuberger Berman Breton Hill ULC to Neuberger Berman Investment Advisers LLC.

The name change coincides with broadening and enhancing the Fund’s investment strategy to expand focus of the Fund’s investments from North American investment-grade bonds to investments in global investment-grade fixed income securities.

“The biggest challenge facing investors and advisors in today’s rising-interest-rate environment is how to manage interest rate risk and credit risk in their fixed-income portfolios,” said Som Seif, President and Chief Executive Officer of Purpose Investments. “Passively holding bonds over the past 30 years has been extremely rewarding. However, today, the reward relative to the risk of a ‘buy and hold’ passive bond portfolio is no longer as attractive. With Purpose Global Bond Fund, we focus on maximizing the yield and managing the duration and credit risks by utilizing an active, fundamental approach to global fixed-income securities and combine that with attractive fees. The result should be a better reward per unit of risk in a bond portfolio.”

About Purpose Investments

Purpose Investments is an asset management company with approximately $6.5 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Inc. Announces November Distributions

Purpose Investments Inc. is pleased to announce the following distributions for the month of November 2018. The ex-distribution date for all ETFs is November 27, 2018, with the exception of Purpose High Interest Savings ETF and Purpose US Cash ETF, which have an ex-distribution date of November 30, 2018. The ex-distribution date for all closed-end funds is November 29, 2018.

Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
Purpose Core Dividend Fund – ETF Series PDF $ 0.08501 11/28/2018 12/07/2018 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.05221 11/28/2018 12/07/2018 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $ 0.05861 11/28/2018 12/07/2018 Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series PHR $ 0.08001 11/28/2018 12/07/2018 Monthly
Purpose Monthly Income Fund – ETF Series PIN $ 0.08301 11/28/2018 12/07/2018 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.08301 11/28/2018 12/07/2018 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.08501 11/28/2018 12/07/2018 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.05401 11/28/2018 12/07/2018 Monthly
Purpose International Dividend Fund – ETF Units PID $ 0.0780 11/28/2018 12/07/2018 Monthly
Purpose US Dividend Fund – ETF Units PUD $ 0.0650 11/28/2018 12/07/2018 Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $ 0.0760 11/28/2018 12/07/2018 Monthly
Purpose Tactical Investment Grade Bond Fund – ETF Units BND $ 0.0630 11/28/2018 12/07/2018 Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units SBND $ 0.0620 11/28/2018 12/07/2018 Monthly
Purpose High Interest Savings ETF PSA $ 0.0917 11/30/2018 12/07/2018 Monthly
Purpose US Cash ETF PSU.U US$ 0.2052 11/30/2018 12/07/2018 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $ 0.0970 11/28/2018 12/07/2018 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $ 0.0840 11/28/2018 12/07/2018 Monthly
Purpose Managed Duration Investment Grade Bond Fund – ETF Units IGB $ 0.04581 11/28/2018 12/07/2018 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $ 0.0950 11/28/2018 12/07/2018 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $ 0.06541 11/28/2018 12/07/2018 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $ 0.0940 11/28/2018 12/07/2018 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $ 0.0940 11/28/2018 12/07/2018 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $ 0.0403 11/28/2018 12/07/2018 Monthly
Purpose Energy Credit Fund – ETF Units PCF $ 0.0350 11/28/2018 12/07/2018 Monthly
Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units PCF.U US$ 0.0359 11/28/2018 12/07/2018 Monthly
Purpose Floating Rate Income Fund – ETF Units FLOT $ 0.0312 11/28/2018 12/07/2018 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged USD – ETF Units FLOT.U US$ 0.0371 11/28/2018 12/07/2018 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged – ETF Units FLOT.B $ 0.0352 11/28/2018 12/07/2018 Monthly
Purpose Global Financials Income Fund – ETF Units PFG $ 0.0468 11/28/2018 12/07/2018 Monthly
 

 

Closed-End Funds Ticker Symbol Distribution

per share/unit

Record Date Payable Date Distribution Frequency
Investment Grade Managed Duration Income Fund – Class T PFU.UN $ 0.0417 11/30/2018 12/14/2018 Monthly
U.S. Banks Income & Growth Fund – Class T PUB.UN $ 0.0417 11/30/2018 12/14/2018 Monthly
U.S. Banks Income & Growth Fund – Class A2 unlisted $ 0.0417 11/30/2018 12/14/2018 Monthly
Canadian Investment Grade Preferred Share Fund (P2L) – Class T RIGP.UN $ 0.1146 11/30/2018 12/14/2018 Monthly
Canadian Investment Grade Preferred Share Fund (P2L) – Class A unlisted $ 0.1146 11/30/2018 12/14/2018 Monthly

(1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

(2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

About Purpose Investments Inc.

Purpose Investments is an asset management company with approximately $6.5 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

 

For further information please contact:

Matt Padanyi

Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Wins 2018 Thomson Reuters Lipper Fund Award for Alternative Strategies

Purpose Investments, Inc. (“Purpose”) is very pleased to announce the recognition of Purpose Enhanced US Equity Fund (“the Fund”) at the 2018 Thomson Reuters Lipper Fund Awards, which was held the evening of November 7 in downtown Toronto. The 2018 Lipper Fund Awards are given to funds for delivering consistently strong risk-adjusted performance relative to their peers,.

Purpose Enhanced US Equity Fund won the award for Best Fund Over 3 Years in the Alternative Strategies category. The Fund is managed in partnership with Neuberger Berman Breton Hill LLC, which has more than 20 years of experience running market neutral strategies for institutional clients. Since the founding of Purpose, the partnership with Neuberger Berman Breton Hill has been crucial to developing and making unique risk-managed and alternative investment prospectus-based products available to all investors.

Purpose Enhanced US Equity Fund posted an annualized return of 8.45% over the judging period, which ended July 31, 2018. The Fund generates enhanced returns from US equities through a 130/30 long-short strategy. It is a prospectus offered daily liquid fund without performance fees and is available in ETF shares on the Toronto Stock Exchange under the ticker symbol “PEU.” and also available as a mutual fund Since its inception on October 14, 2014, Purpose Enhanced US Equity Fund (ETF Class) has generated an annualized return of 6.88%.

“We set out five years ago to help democratize and change this industry for alternative investments and this award, along with our two wins at the Annual Canadian Hedge Fund Awards, validate our goal,” said Som Seif, President & CEO of Purpose Investments Inc. “What we’re doing as a company is extremely important, bringing innovation to the investing world. Winning these awards proves our products can compete with and beat the competition. All of our funds are powerful tools to help all types of investors build resilient portfolios to meet their long-term financial goals.”

Two Purpose alternative funds were recently recognized at the Annual Canadian Hedge Fund Awards. Purpose Credit Opportunities Fund and Purpose Multi-Strategy Market Neutral Fund won Best 1-Year Returns in the Credit Focused and Market Neutral categories, respectively.

About Purpose’s family of alternative products

Purpose has been at the forefront of innovation in the alternative investments space, offering them through widely available prospectus-based products since 2013. In addition to the Lipper Fund Award winner, alternatives with Purpose also include the market neutral strategy, Purpose Multi-Strategy Market Neutral Fund (ETF ticker PMM), the option-writing strategy, Purpose Premium Yield Fund (ETF ticker PYF), the hedged equity strategies Purpose Tactical Hedged Equity Fund (ETF ticker PHE) and Purpose International Tactical Hedged Equity Fund (ETF ticker PRA), as well Purpose Diversified Real Asset Fun (ETF ticker PRA).

 

About the Lipper Fund Awards

For more than three decades and in over 20 countries worldwide, the Thomson Reuters Lipper Fund Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Renowned fund data and proprietary methodology is the foundation of the Award qualification. Individual classifications of three-, five-, and ten-year periods, as well as fund families with high average scores for the three-year period are recognized.

For more information about the Lipper Fund Awards, please contact markets.awards@thomsonreuters.com or visit www.lipperfundawards.com.

About Purpose Investments

Purpose Investments is an asset management company with approximately $6.3 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

 

For further information please contact:

Matt Padanyi

Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Announces Launch of Innovative Fund to Give Investors Convenient and Affordable Access to Physical Gold Bullion

Purpose Investments, Inc. (“Purpose”) is pleased to announce the launch of Purpose Gold Bullion Fund (“the Fund”), a low-cost way for investors to access physical gold through an exchange-traded fund. The Fund is offered in three ETF versions: Canadian dollar hedged (KILO), Canadian dollar non-hedged (KILO.B) and US dollar denominated (KILO.U). It is also available as an F-class mutual fund on Fundserv (PFC3701). Purpose has completed the initial public offering of ETF shares and the Fund will commence trading on the Toronto Stock Exchange today under the ticker symbol “KILO.”

Purpose Gold Bullion Fund provides investors unique access to physical gold bullion in a low-cost, liquid and transparent fund. With a management fee of 0.20%, the Fund is much more affordable than many other options available to investors. For investors currently holding gold bullion as a long-term asset, switching to KILO can reduce costs significantly.

In addition to providing a low-cost option for gold investors, the Fund also provides access to fully allocated physical gold. The Fund’s assets are held on a segregated basis in the treasury vault of the Royal Canadian Mint (“the Mint”) to reduce counterparty risks to investors. Unlike many banks and other financial institutions, the Mint is fully backed by the Canadian government.

Investors in the Fund are able to receive in-kind redemptions of their physical gold directly from the Mint. Purpose Gold Bullion Fund offers a minimum redemption of one kilogram, which is one tenth of the redemption requirements of other physical gold bullion funds.

“Purpose Gold Bullion Fund is launching at an appropriate time as equity markets are showing increased levels of volatility following years of stability and outsized returns. Gold has historically acted as a safe haven during periods of extreme volatility and can serve as an important diversifier in a resilient portfolio, offering low correlation to riskier assets,” said Som Seif President and CEO of Purpose Investments Inc.

About Purpose Investments

Purpose Investments is an asset management company with approximately $6.3 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.