Purpose Investments Inc. (“Purpose Investments”) today announced that effective as of November 30, 2022, the Canadian dollar denominated ETF non-currency hedged carbon offset units (the “ETF Carbon Offset units”) of Purpose Ether ETF (the “Purpose Fund”) will be redesignated as Canadian dollar denominated ETF non-currency hedged units of the Purpose Fund based on the relative net asset value per unit of each class of the Purpose Fund on November 29, 2022.
As a result of the recent Ethereum merge, which drastically reduced the carbon footprint associated with the operation of the Ethereum network, the ETF Carbon Offset units are no longer considered necessary to maintain as a class of units.
About Purpose Investments Inc.
Purpose Investments is an asset management company with more than $13 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, offering 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 platform that is reshaping the industry by connecting and creating opportunities across asset management, wealth management and small business financial services.
For further information please contact:
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 guaranteed, their values change frequently and past performance may not be repeated. 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.