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Purpose Investments Inc. Announces 2020 Estimated Annual Capital Gains Distributions

Written by Customer Service on . Posted in Dividend Reports And Estimates.

TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual capital gains distributions for its open-end exchange-traded funds, mutual funds and closed-end funds (“Funds”) for the 2020 tax year end. The estimated distributions represent estimated capital gains realized by the Funds during the year.
Details of the per unit distribution amounts are as follows:The estimated annual capital gain distribution for Purpose Gold Bullion Fund will be paid in cash. ETF unitholders of record on December 29, 2020 will receive the capital gain distributions on January 8, 2021. The ex-distribution date will be December 24, 2020.Purpose confirms that the following Funds are not expected to have annual capital gains distributions for the 2020 tax year:Open-End Funds
Purpose Fund Corp. Funds:Purpose Core Dividend FundPurpose Tactical Hedged Equity FundPurpose Total Return Bond FundPurpose Real Estate Income FundPurpose Monthly Income FundPurpose Premium Yield FundPurpose Premium Money Market FundPurpose Canadian Financial Income FundPurpose Conservative Income FundPurpose Best Ideas FundPurpose Diversified Real Asset FundPurpose International Tactical Hedged Equity FundPurpose Enhanced Dividend FundPurpose Behavioural Opportunities FundPurpose Core Equity Income FundPurpose Tactical Asset Allocation FundPurpose Canadian Equity Growth FundPurpose Canadian Income Growth FundPurpose Mutual Funds Limited Funds:Purpose Global Innovators FundPurpose Global Bond ClassPurpose Enhanced Premium Yield FundPurpose Global Resource FundPurpose Special Opportunities FundPurpose Structured Equity Yield PortfolioPurpose Structured Equity Yield Portfolio 2Purpose Structured Equity Growth FundPurpose Mutual Fund TrustsPurpose International Dividend FundPurpose US Dividend FundPurpose Global Bond FundPurpose High Interest Savings ETFPurpose US Cash FundPurpose Money Market FundPurpose Multi-Strategy Market Neutral FundPurpose Silver Bullion FundPurpose Floating Rate Income FundPurpose Canadian Preferred Share FundPurpose Emerging Markets Dividend FundPurpose US Preferred Share FundPurpose Strategic Yield FundPurpose Multi-Asset Income FundPurpose Marijuana Opportunities FundPurpose Credit Opportunities FundClosed-End Funds:Investment Grade Managed Duration Income FundCanadian Investment Grade Preferred Share FundJune 2021 Investment Grade Bond PoolUS Banks Income & Growth FundBig Banc Split Corp.
OM Funds:Purpose Specialty Lending Trust
Please note that these are estimated amounts only, as of November 30, 2020. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2020 or December 31, 2020, as applicable.Purpose expects to announce the final monthly, quarterly and annual cash distributions on all Funds on or about December 15, 2020. Purpose expects to announce the final annual capital gains distribution amounts on all Funds on or about December 17, 2020 except for Purpose High Interest Savings ETF and Purpose US Cash Fund, which will be announced on or about December 31, 2020.For Purpose Fund Corp., Purpose Mutual Funds Limited., and Big Banc Split Corp., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 29, 2021, if necessary. As of November 30, 2020, the mutual fund corporations have no expected annual capital gains distributions.About Purpose InvestmentsPurpose Investments is an asset management company with more than $10 billion 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 Financial, an independent technology-driven financial services company.For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.comCommissions, 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.This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

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