Purpose Investments Inc. Announces Estimated Annual Capital Gains Distributions

TORONTO, Nov. 26, 2019 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual capital gains distributions for its open-end exchange-traded funds and closed-end funds (“the Funds”) for the 2019 tax year end. The estimated distributions represent estimated capital gains realized by the Funds during the year.
The estimated annual capital gain distribution for Purpose Emerging Markets Dividend Fund will be paid in cash. The estimated annual capital gain distribution for U.S. Banks Income & Growth Fund will not be paid in cash, but will be reinvested in additional units and reported as taxable with the resulting units immediately consolidated so that the number of units held by each investor will not change.Details of the per unit distribution amounts are as follows:
Purpose confirms that the following Funds are not expected to have annual capital gains distributions for the 2019 tax year:Open-End Funds
Purpose Fund Corp. Funds:Purpose Core Dividend FundPurpose Tactical Hedged Equity FundPurpose Total Return Bond FundPurpose Duration Hedged Real Estate FundPurpose Monthly Income FundPurpose Premium Yield 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 Pension Portfolio FundPurpose Canadian Equity Growth FundPurpose Canadian Income Growth FundPurpose Premium Money Market 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 Mutual Fund TrustsPurpose International Dividend FundPurpose US Dividend FundPurpose Global Bond FundPurpose High Interest Savings ETFPurpose US Cash ETFPurpose Multi-Strategy Market Neutral FundPurpose Silver Bullion FundPurpose Energy Credit FundPurpose Floating Rate Income FundPurpose Canadian Preferred Share FundPurpose US Preferred Share FundPurpose Strategic Yield FundPurpose Multi-Asset Income FundPurpose Marijuana Opportunities FundPurpose Gold Bullion FundPurpose Credit Opportunities FundPurpose Money Market FundClosed-End Funds:Investment Grade Managed Duration Income FundCanadian Investment Grade Preferred Share FundJune 2021 Investment Grade Bond PoolOM Funds:
Purpose Specialty Lending TrustPlease note that these are estimated amounts only, as of November 26, 2019. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2019 or December 31, 2019, as applicable.Purpose expects to announce the final monthly, quarterly and annual cash distributions on all Funds on or about December 18, 2019. Purpose expects to announce the final annual capital gains distribution amounts on all Funds on or about December 18, 2019 except for Purpose High Interest Savings ETF, Purpose US Cash ETF, Purpose Gold Bullion Fund and Purpose Silver Bullion Fund which will be announced on or about December 31, 2019.For Purpose Fund Corp. and Purpose Mutual Funds Limited, which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 20, 2020, if necessary. As of November 26, 2019, the mutual fund corporations have no expected annual capital gains distributions. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.About Purpose InvestmentsPurpose Investments is an asset management company with more than $8-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.