Purpose Investments Inc. Announces August 2023 Distributions

Purpose Investments Inc. Announces August 2023 Distributions

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TORONTO, Aug. 18, 2023 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of August 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all ETFs is August 28, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of August 29, 2023, as well as Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund which have an ex-distribution date of August 30, 2023. The ex-distribution date for all closed-end funds is August 30, 2023.

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Open-End Funds Ticker
Symbol
Distribution
per
share/unit
Record
Date
Payable
Date
Distribution
Frequency
Purpose Core Dividend Fund – ETF Series PDF $ 0.10501 08/29/2023 09/08/2023 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.09501 08/29/2023 09/08/2023 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $ 0.05901 08/29/2023 09/08/2023 Monthly
Purpose Real Estate Income Fund – ETF Series PHR $ 0.07201 08/29/2023 09/08/2023 Monthly
Purpose Monthly Income Fund – ETF Series PIN $ 0.08301 08/29/2023 09/08/2023 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.11001 08/29/2023 09/08/2023 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.16501 08/29/2023 09/08/2023 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $ 0.12301 08/29/2023 09/08/2023 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.12251 08/29/2023 09/08/2023 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.06001 08/29/2023 09/08/2023 Monthly
Purpose Enhanced Premium Yield Fund – ETF Series PAYF $ 0.13751 08/29/2023 09/08/2023 Monthly
Purpose International Dividend Fund – ETF Units PID $ 0.0780 08/29/2023 09/08/2023 Monthly
Purpose Global Bond Fund – ETF Units BND $ 0.0665 08/29/2023 09/08/2023 Monthly
Purpose High Interest Savings Fund – ETF Units PSA $ 0.2403 08/30/2023 09/08/2023 Monthly
Purpose US Cash Fund – ETF Units PSU.U US $ 0.5014 08/30/2023 09/08/2023 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $ 0.0970 08/29/2023 09/08/2023 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $ 0.0840 08/29/2023 09/08/2023 Monthly
Purpose Global Bond Class – ETF Units IGB $ 0.06781 08/29/2023 09/08/2023 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $ 0.0950 08/29/2023 09/08/2023 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $ 0.08001 08/29/2023 09/08/2023 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $ 0.0940 08/29/2023 09/08/2023 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $ 0.0940 08/29/2023 09/08/2023 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $ 0.0950 08/29/2023 09/08/2023 Monthly
Black Diamond Global Equity Fund – ETF Units BDEQ $ 0.0112 08/29/2023 09/08/2023 Monthly
Purpose Global Flexible Credit Fund – ETF Units FLX $ 0.0297 08/29/2023 09/08/2023 Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units FLX.U US $ 0.0375 08/29/2023 09/08/2023 Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units FLX.B $ 0.0365 08/29/2023 09/08/2023 Monthly
Purpose Credit Opportunities Fund – ETF Units CROP $ 0.0875 08/29/2023 09/08/2023 Monthly
Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $ 0.0975 08/29/2023 09/08/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Units BTCY $ 0.0400 08/29/2023 09/08/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $ 0.0450 08/29/2023 09/08/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US $ 0.0530 08/29/2023 09/08/2023 Monthly
Purpose Ether Yield ETF – ETF Units ETHY $ 0.0315 08/29/2023 09/08/2023 Monthly
Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $ 0.0385 08/29/2023 09/08/2023 Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US $ 0.0420 08/29/2023 09/08/2023 Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF YGOG $ 0.2000 08/29/2023 09/08/2023 Monthly
Amazon (AMZN) Yield Shares Purpose ETF YAMZ $ 0.2500 08/29/2023 09/08/2023 Monthly
Apple (AAPL) Yield Shares Purpose ETF APLY $ 0.1667 08/29/2023 09/08/2023 Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF BRKY $ 0.1000 08/29/2023 09/08/2023 Monthly
Tesla (TSLA) Yield Shares Purpose ETF YTSL $ 0.3500 08/29/2023 09/08/2023 Monthly
           
Closed-End Funds Ticker
Symbol
Distribution
per
share/unit
Record
Date
Payable
Date
Distribution
Frequency
Big Banc Split Corp – Class A BNK $ 0.06621 08/31/2023 09/15/2023 Monthly
Big Banc Split Corp – Preferred Shares BNK.PR.A $ 0.05001 08/31/2023 09/15/2023 Monthly
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Estimated August 2023 Distributions for Purpose Cash Management Fund and Purpose USD Cash Management Fund

The August 2023 distribution rates for Purpose Cash Management Fund and Purpose USD Cash Management Fund are estimated to be as follows:

Fund Name Ticker
Symbol
Estimated
Distribution
per unit
Record
Date
Payable
Date
Distribution
Frequency
Purpose Cash Management Fund – ETF Units MNY $ 0.4475 08/30/2023 09/08/2023 Monthly
Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.4763 08/30/2023 09/08/2023 Monthly

Purpose expects to issue a press release on or about August 29, 2023, which will provide the final distribution rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund. The ex-distribution date will be August 30, 2023.

  (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
  (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD; however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.
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About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $16 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
Keera.Hart@kaiserpartners.com
905-580-1257

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.

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