Skip to main content

Purpose Investments Inc. Announces 2022 Final Annual Income and Capital Gains Distributions

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

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the final annual distributions of income and capital gains for its open-end exchange-traded funds and closed-end funds structured as mutual fund trusts (the “Funds”) with a December 15, 2022 tax year-end. The distributions represent income earned and capital gains realized by the Funds during the year.

The annual income distributions and capital gain distributions for the funds listed below will be paid in cash. ETF Series unitholders of record at the close of business on December 30, 2022 will receive the 2022 annual distributions on January 5, 2023.

Details of the per unit distribution amounts are as follows:

Final Annual Distributions of Income

Purpose Mutual Fund TrustsTicker
Symbol 		Exchange Final Annual Income
Distribution Per Unit
Purpose Crypto Opportunities ETF – ETF UnitsCRYPTSX$ 0.1500
Purpose Crypto Opportunities ETF – ETF Non-Currency Hedged UnitsCRYP.BTSX$ 0.1500
Purpose Crypto Opportunities ETF – ETF Non-Currency Hedged USD UnitsCRYP.UTSXUS $ 0.1500

Final Annual Capital Gains Distributions

Purpose Mutual Fund TrustsTicker
Symbol 		Exchange Final Annual Capital Gain
Distribution Per Unit
Purpose Global Climate Opportunities Fund – ETF UnitsCLMTTSX$ 0.0350

Purpose expects to announce the final year-end distributions for Purpose High Interest Savings ETF – ETF Units, Purpose US Cash Fund – ETF Units, and Purpose Cash Management Fund – ETF Units on or about December 30, 2022, if necessary.

Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 20, 2023, if necessary. Shareholders of record on January 27, 2023 will receive the annual capital gains distributions on February 1, 2023, and such capital gains will be applicable for 2022 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not declare annual capital gain distributions for 2022.

About Purpose Investments

Purpose Investments is an asset management company with more than $14 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 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.

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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.