Purpose Investments Files Preliminary Prospectus for the Energy Credit Opportunities Income Fund

Purpose Investments Inc. (“Purpose”) is pleased to announce that it has filed a preliminary prospectus for the Energy Credit Opportunities Income Fund (the “Fund”). The Fund’s initial public offering will consist of Canadian dollar denominated Class A units (“CAD Units”) and U.S. dollar denominated Class U units (“USD Units”, and together with the CAD Units, “Units”) of the Fund at a price of $10.00 per CAD Unit and U.S. $10.00 per USD Unit. The Fund will be managed by Purpose, who has retained Lazard Asset Management LLC to provide portfolio advisory services to the Fund.

The Fund’s investment objectives are: (i) to provide holders of Units (“Unitholders”) with a stable stream of monthly distributions; and (ii) to provide Unitholders with the opportunity for growth in the net asset value per Unit.

The initial distribution target for the Fund is $0.050 per CAD Unit and U.S. $0.050 per USD Unit per month ($0.60 per annum and U.S. $0.60 per annum, respectively, representing an annual cash distribution of 6.0% based on the $10.00 per CAD Unit and U.S. $10.00 per USD Unit issue price).

Units of the Fund are being offered on a best efforts basis in each of the provinces and territories in Canada through a syndicate of investment dealers co-led by RBC Capital Markets and CIBC, and will also include TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Scotiabank, GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc., Burgeonvest Bick Securities Ltd., Dundee Securities Ltd., Global Securities Corp., Mackie Research Capital Corp., and Manulife Securities Inc.

A preliminary prospectus containing important information relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the agents noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

About Purpose Investments
Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $1 billion in assets under management and currently offers 13 exchange traded funds and mutual funds and two closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
Purpose is the manager of NexC Partners Corp. (NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities, plus owns an equity stake in Purpose.

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