Purpose Investments Inc. Announces December Monthly Distributions and Final Annual 2021 Capital Gains Distributions
TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of December 2021 and final annual 2021 capital gain distributions for its open-end exchange traded funds and closed-end funds (“the Funds”).
December 2021 Monthly Distributions
The ex-distribution date for all ETFs is December 24, 2021, with the exception of Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of December 31, 2021. The ex-distribution date for all closed-end funds is December 30, 2021.
| Open-End Funds | Ticker Symbol | Distribution per share/unit | Record Date | Payable Date | Distribution Frequency | |
| Purpose Core Dividend Fund – ETF Series | $0.08501 | 12/29/2021 | 01/10/2022 | Monthly | ||
| Purpose Enhanced Dividend Fund – ETF Series | PDIV | $0.05221 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Total Return Bond Fund – ETF Series | PBD | $0.05201 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Real Estate Income Fund – ETF Series | PHR | $0.07201 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Monthly Income Fund – ETF Series | PIN | $0.08301 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Premium Yield Fund – ETF Series | PYF | $0.08301 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series | PYF.U | US $ 0.08851 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Premium Yield Fund Non-Currency Hedged – ETF Series | PYF.B | $0.08851 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Canadian Financial Income Fund – ETF Series | BNC | $0.08501 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Conservative Income Fund – ETF Series | PRP | $0.05401 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose International Tactical Hedged Equity Fund – ETF Series | PHW | $0.10001 | 12/29/2021 | 01/10/2022 | Quarterly | |
| Purpose Diversified Real Asset Fund – ETF Series | PRA | $0.07501 | 12/29/2021 | 01/10/2022 | Quarterly | |
| Purpose Enhanced Premium Yield Fund – ETF Series | PAYF | $0.11811 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose International Dividend Fund – ETF Units | PID | $0.0780 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose US Dividend Fund – ETF Units | PUD | $0.0650 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose US Dividend Fund Non-Currency Hedged – ETF Units | PUD.B | $0.0760 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Global Bond Fund – ETF Units | BND | $0.0585 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose High Interest Savings ETF | PSA | $0.0256 | 12/31/2021 | 01/10/2022 | Monthly | |
| Purpose US Cash Fund – ETF Units | PSU.U | US$ 0.0274 | 12/31/2021 | 01/10/2022 | Monthly | |
| Purpose Strategic Yield Fund – ETF Units | SYLD | $0.0970 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Multi-Asset Income Fund – ETF Units | PINC | $0.0840 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Global Bond Class – ETF Units | IGB | $0.06021 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Canadian Preferred Share Fund – ETF Units | RPS | $0.0950 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Core Equity Income Fund – ETF Series | RDE | $0.06501 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose US Preferred Share Fund – ETF Units | RPU | $0.0940 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 | RPU.B / RPU.U | $0.0940 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Emerging Markets Dividend Fund – ETF Units | REM | $0.0580 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Global Flexible Credit Fund – ETF Units | FLX | $0.0297 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units | FLX.U | US$ 0.0375 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units | FLX.B | $0.0365 | 12/29/2021 | 01/10/2022 | Monthly | |
| Black Diamond Global Equity Fund – ETF Units | BDEQ | $0.0112 | 12/29/2021 | 01/10/2022 | Monthly | |
| Black Diamond Distressed Opportunities Fund – ETF Units | BDOP | $0.0075 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Marijuana Opportunities Fund – ETF Units | MJJ | $0.0100 | 12/29/2021 | 01/10/2022 | Quarterly | |
| Purpose Global Climate Opportunities Fund – ETF Units | CLMT | $0.0100 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Credit Opportunities Fund – ETF Units | CROP | $0.0875 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Bitcoin Yield ETF – ETF Units | BTCY | $0.1000 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units | BTCY.B | $0.1035 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units | BTCY.U | US$ 0.1000 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Ether Yield ETF – ETF Units | ETHY | $0.1400 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Ether Yield ETF – ETF Non-Currency hedged Units | ETHY.B | $0.1550 | 12/29/2021 | 01/10/2022 | Monthly | |
| Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units | ETHY.U | US$ 0.1400 | 12/29/2021 | 01/10/2022 | Monthly | |
| Closed-End Funds | Ticker Symbol | Distribution per share/unit | Record Date | Payable Date | Distribution Frequency | |
| Investment Grade Managed Duration Income Fund – Class T | PFU.UN | $0.0417 | 12/31/2021 | 01/17/2022 | Monthly | |
| U.S. Banks Income & Growth Fund – Class T | PUB.UN | $0.0417 | 12/31/2021 | 01/17/2022 | Monthly | |
| Canadian Investment Grade Preferred Share Fund – Class T | RIGP.UN | $0.1146 | 12/31/2021 | 01/17/2022 | Monthly | |
| Big Banc Split Corp – Class A | BNK | $0.0662 | 12/31/2021 | 01/14/2022 | Monthly | |
| Big Banc Split Corp – Preferred Shares | BNK.PR.A | $0.0500 | 12/31/2021 | 01/14/2022 | Monthly | |
| (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. |
Final Annual 2021 Capital Gains Distributions
Purpose today announced the final annual capital gains distributions for its open-end exchange-traded funds and closed-end funds with a December 15, 2021 tax year-end. The distributions represent capital gains realized by the Funds during the year.
The annual 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 24, 2021 will receive the 2021 annual capital gains distribution on December 31, 2021.
Details of the per unit distribution amounts are as follows:
| Purpose Mutual Fund Trusts | Ticker Symbol | Exchange | Final Annual Capital Gains Distribution Per Unit | |
| Black Diamond Global Equity Fund – ETF Units | BDEQ | TSX | $1.7500 | |
| Purpose Global Bond Fund – ETF Units | BND | TSX | $0.0430 | |
| Purpose Emerging Markets Dividend Fund – ETF Units | REM | NEO | $0.8000 | |
| Purpose US Preferred Share Fund – ETF Units | RPU | NEO | $0.0400 | |
| Purpose International Dividend Fund – ETF Units | PID | TSX | $0.2300 | |
| Purpose Ether Yield ETF – ETF Units | ETHY | TSX | $0.0500 | |
| Purpose Ether Yield ETF – ETF Non-Currency Hedged Units | ETHY.B | TSX | $0.0500 | |
| Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units | ETHY.U | TSX | US$ 0.0500 | |
| Purpose Crypto Opportunities ETF – ETF Units | CRYP | TSX | $0.0300 | |
| Purpose Crypto Opportunities ETF – ETF Non-Currency hedged Units | CRYP.B | TSX | $0.0300 | |
| Purpose Crypto Opportunities ETF – ETF Units Non-Currency Hedged USD Units | CRYP.U | TSX | US$ 0.0300 | |
Purpose expects to announce the final annual capital gains distributions amounts for Purpose High Interest Savings ETF, Purpose US Cash Fund, and Purpose Specialty Lending Trust on or about December 31, 2021, if necessary. As of December 17, 2021, no capital gains distributions are expected for these funds.
For Purpose Fund Corp. funds and Big Banc Split Corp., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 18, 2022. Shareholders of record on January 24, 2022 will receive the annual capital gains distributions on January 28, 2022 and such capital gains will be applicable for 2022 tax year. The final year-end capital gain distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not have any annual capital gain distributions.
About Purpose Investments Inc.
Purpose Investments is an asset management company with more than $14 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 Financial, 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.
