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Posted by Purpose Investments on Mar 23rd, 2023

Purpose Investments Inc. Announces an Increase to March Distribution for Purpose US Cash Fund

Purpose Investments Inc. announced today a revision to the March 2023 distribution for Purpose US Cash Fund (ETF ticker: PSU.U). The press release on March 20, 2023, reported a distribution of US $0.4065 per unit. However, in lockstep with the Federal Reserve’s decision to increase the interest rate by a quarter-point on March 22, 2023, the yield on the fund increased as well, resulting in a higher distribution amount of US $0.4120 per unit. The ex-distribution date, record date, and payable dates for the distribution remain unchanged.

The following table reflects the revised distribution per unit:

PSU distributions

About Purpose Investments

Purpose Investments is an asset management company with over $15 billion in assets 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 Unlimited, an independent technology-driven financial services company.

For further information, please contact:
Keera Hart

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.

Fund mentioned in this story
Purpose US Cash Fund

Purpose US Cash Fund