Purpose Investments Inc. Announces Annual Capital Gains Distributions for Purpose Investment Trust Funds for 2016

Purpose Investments Inc. today announced the 2016 annual capital gains distribution for Purpose Investment Trust Funds. The annual capital gains distributions will not be paid in cash, but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investors will not change.

Unitholders of record at close of business on December 30, 2016, will receive the 2016 capital gains distributions.

Details of the per unit distribution amounts are as follows:

OPEN-END FUNDS TSX SYMBOL REINVESTED DISTRIBUTION PER UNIT
Purpose US Dividend Fund – ETF Units PUD $0.6800
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $0.7400

Purpose confirms that the following investment trust funds have no annual capital gains distributions for the 2016 tax year:

  • Purpose Tactical Investment Grade Bond Fund
  • Purpose International Dividend Fund
  • Purpose Multi-Strategy Market Neutral Fund
  • Purpose High Interest Savings ETF
  • Purpose US Cash ETF
  • Energy Credit Opportunities Income Fund
  • Limited Duration Investment Grade Preferred Securities Fund
  • Investment Grade Managed Duration Income Fund
  • U.S. Banks Income & Growth Fund
  • Silver Bullion Trust

Purpose expects to announce the final annual capital gains distribution amounts for Purpose Fund Corp. and NexC Partners Corp., both mutual fund corporations, on or about January 6, 2016.

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