U.S. Banks Income & Growth Fund Announces Final Terms of Public Offering

Purpose Investments Inc. (“Purpose”), on behalf of the U.S. Banks Income & Growth Fund (the “Fund”), announces the filing by the Fund of a shelf prospectus supplement in final form with the securities regulators in all of the provinces and territories of Canada relating to a public offering of Class A2 Units and Class T Units (together, the “Units”). The Class T Units are being offered at a price of $9.69 per Unit, and the maximum aggregate amount to be raised is $15,000,000. Closing is expected to occur on or about June 8, 2016. As the closing will occur after the distribution payable to holders of record of Class T Units on May 31, 2016, purchasers of Class T Units under the offering will not be eligible to receive such distribution.

The offering is being made on a best efforts agency basis in each of the provinces and territories of Canada through a syndicate of agents led by National Bank Financial Inc. and which includes BMO Capital Markets, CIBC, Scotiabank, GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc., Industrial Alliance Securities Inc., Raymond James Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.

Copies of the shelf prospectus supplement, together with the short form base shelf prospectus of the Fund dated April 29, 2016, may be obtained from your registered financial advisor using the contact information for such advisor.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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