DRIP / PACC / SWP

Resources

Plan Documents

Purpose Investments is pleased to offer a Dividend Reinvestment Plan (“DRIP”), a Pre-Authorized Cash Contribution Plan (“PACC Plan”), and a Systematic Withdrawal Plan (“SWP”) on all Purpose Funds (ETF Shares and Mutual Fund Shares). We are continually looking at ways to help improve the investing experience and make it easier for investors of all sizes to invest more effectively and efficiently. Given the trading commissions normally associated with ETFs, we generally find ETFs have not been best suited for smaller investors, dollar cost averaging strategies or income withdrawal plans. With the launch of our DRIP, PACC and SWP investment programs, investors can now compound their distributions in additional shares, make regular cash contributions, or create an income stream from their ETF shares, without having to worry about paying additional commissions on these trades. Simplify with Purpose.

DRIP

Dividend Reinvestment Plan

Given the commission costs associated with trading, ETFs have not always been best suited for investors looking to continuously reinvest cash dividends received from their portfolio. Purpose’s Dividend Reinvestment Plan (“DRIP”) allows investors to easily benefit from compounding their dividends. All cash dividends paid on any Purpose Fund will be eligible for reinvestment into additional shares of the same fund. Investors may opt into the DRIP by contacting their brokerage firm. The DRIP allows shareholders to compound their investment through the convenient automatic purchase of additional shares without incurring commissions.

Benefits to you:

  • Compound investments
  • No costs or commissions associated with transactions

PACC

Pre-Authorized Cash Contribution

Purpose’s Pre-Authorized Cash Contribution Plan (“PACC Plan”) offers convenience to existing shareholders of Purpose Funds to make regular (monthly, quarterly or annual) purchases of shares. The PACC Plan offers shareholders the ability to dollar cost average into Purpose Funds in a convenient, commission-free manner.

Benefits to you:

  • Dollar cost average your investments – powerful way to compound your investments
  • Create a regular systematic investment plan, removing the hassle of manually contributing to your investment portfolio
  • No costs or commissions associated with transactions

SWP

Systematic Withdrawal Plan

The Purpose Systematic Withdrawal Plan (“SWP”) allows existing shareholders of any Purpose Fund to withdraw a fixed amount of money from that specific Purpose Fund on a monthly, quarterly or annual basis. Shareholders may use the SWP to potentially supplement the income they are receiving from other sources without incurring additional trading commissions.

Benefits to you:

  • Plan fits well within registered withdrawal accounts (e.g. RRIF)
  • No costs or commissions associated with transactions

To enroll in the SWP, investors should contact their brokerage firm.

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