Purpose Investments Inc. Anticipates No Special Distributions on all ETFs and Mutual Funds based on latest 2016 Annual Capital Gains Estimates

Purpose Investments Inc. is pleased to announce today that the following funds are not expected to have annual capital gains distributions for the 2016 tax year:

  • Purpose Core Dividend Fund
  • Purpose Total Return Bond Fund
  • Purpose Monthly Income Fund
  • Purpose Tactical Hedged Equity Fund
  • Purpose Diversified Real Asset Fund
  • Purpose Best Ideas Fund
  • Purpose Duration Hedged Real Estate Fund
  • Purpose Enhanced US Equity Fund
  • Purpose Premium Money Market ETF
  • Purpose Premium Yield Fund
  • Purpose Conservative Income Fund
  • Purpose Canadian Financial Income Fund
  • Purpose Multi-Strategy Market Neutral Fund
  • Purpose US Dividend Fund
  • Purpose International Dividend Fund
  • Purpose International Tactical Hedged Equity Fund
  • Purpose Tactical Investment Grade Bond Fund
  • Purpose High Interest Savings ETF
  • Purpose US Cash ETF
  • Limited Duration Investment Grade Preferred Securities Fund
  • Investment Grade Managed Duration Income Fund
  • Energy Credit Opportunities Income Fund
  • U.S. Banks Income & Growth Fund
  • NexC Partners Corp.
  • Silver Bullion Trust

Please note that these are estimated amounts only. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2016 or December 31, 2016, as applicable.

If necessary, Purpose expects to announce the final annual distribution amounts for the mutual fund trusts as well as the monthly and quarterly cash distributions on or about December 19, 2016. For Purpose Fund Corp. and NexC Partners Corp., both mutual fund corporations, final annual capital gains distributions will be announced on or about January 6, 2016, if necessary. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.

Purpose recognize the concern among investors about the U.S. Passive Foreign Investment Company (PFIC) rules and have taken an active position in the investment industry by making all Purpose Funds available to Canadian investors who are classified as “U.S. persons” under U.S. tax law.  Purpose will provide PFIC Annual Information Statements for all of our investment funds prior to the April U.S. tax reporting deadline for individuals, on an annual basis.

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