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Purpose Investments Inc. Announces October 2024 Distributions

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TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of October 2024 for its open-end exchange traded funds and closed-end funds (“the Funds”).        

The ex-distribution date for all Open-End Funds is October 29, 2024. The ex-distribution date for all closed-end funds is October 31, 2024.  

Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
Apple (AAPL) Yield Shares Purpose ETF – ETF Units APLY $0.1667 10/29/2024 11/04/2024 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $0.1225¹ 10/29/2024 11/04/2024 Monthly
Purpose Global Bond Fund – ETF Units BND $0.0840 10/29/2024 11/04/2024 Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $0.1000 10/29/2024 11/04/2024 Monthly
Purpose Bitcoin Yield ETF – ETF Units BTCY $0.05250 10/29/2024 11/04/2024 Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units BTCY.B $0.0605 10/29/2024 11/04/2024 Monthly
Purpose Bitcoin Yield ETF – ETF USD Units BTCY.U US $0.0510 10/29/2024 11/04/2024 Monthly
Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 10/29/2024 11/04/2024 Monthly
Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $0.0975 10/29/2024 11/04/2024 Monthly
Purpose Ether Yield ETF – ETF Units ETHY $0.0380 10/29/2024 11/04/2024 Monthly
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units ETHY.B $0.0470 10/29/2024 11/04/2024 Monthly
Purpose Ether Yield ETF – ETF Non-Currency Hedged USD Units ETHY.U US $0.0370 10/29/2024 11/04/2024 Monthly
Purpose Global Flexible Credit Fund – ETF Units FLX $0.0461 10/29/2024 11/04/2024 Monthly
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged Units FLX.B $0.0551 10/29/2024 11/04/2024 Monthly
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD Units FLX.U US $0.0385 10/29/2024 11/04/2024 Monthly
Purpose Global Bond Class – ETF Units IGB $0.0860¹ 10/29/2024 11/04/2024 Monthly
Microsoft (MSFT) Yield Shares Purpose ETF – ETF Units MSFY $0.1000 10/29/2024 11/04/2024 Monthly
Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1375¹ 10/29/2024 11/04/2024 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $0.0590¹ 10/29/2024 11/04/2024 Monthly
Purpose Core Dividend Fund – ETF Series PDF $0.1050¹ 10/29/2024 11/04/2024 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0950¹ 10/29/2024 11/04/2024 Monthly
Purpose Real Estate Income Fund – ETF Series PHR $0.0720¹ 10/29/2024 11/04/2024 Monthly
Purpose International Dividend Fund – ETF Series PID $0.0780 10/29/2024 11/04/2024 Monthly
Purpose Monthly Income Fund – ETF Series PIN $0.0830¹ 10/29/2024 11/04/2024 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 10/29/2024 11/04/2024 Monthly
Purpose Conservative Income Fund – ETF Series PRP $0.0600¹ 10/29/2024 11/04/2024 Monthly
Purpose Premium Yield Fund – ETF Series PYF $0.1100¹ 10/29/2024 11/04/2024 Monthly
Purpose Premium Yield Fund – ETF Non-Currency Hedged Series PYF.B $0.1230¹ 10/29/2024 11/04/2024 Monthly
Purpose Premium Yield Fund – ETF Non-Currency Hedged USD Series PYF.U US $0.1200¹ 10/29/2024 11/04/2024 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $0.0875¹ 10/29/2024 11/04/2024 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 10/29/2024 11/04/2024 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 10/29/2024 11/04/2024 Monthly
Purpose US Preferred Share Fund – ETF Series RPU $0.0940 10/29/2024 11/04/2024 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units² RPU.B / RPU.U $0.0940 10/29/2024 11/04/2024 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 10/29/2024 11/04/2024 Monthly
Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.3500 10/29/2024 11/04/2024 Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units YGOG $0.2000 10/29/2024 11/04/2024 Monthly
NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units YNVD $0.7500 10/29/2024 11/04/2024 Monthly
Tesla (TSLA) Yield Shares Purpose ETF – ETF Units YTSL $0.3000 10/29/2024 11/04/2024 Monthly
           
Closed-End Funds Ticker Symbol Distribution
per share/unit
Record Date Payable Date Distribution Frequency
Big Banc Split Corp – Class A BNK $ 0.1200¹ 10/31/2024 11/15/2024 Monthly
Big Banc Split Corp – Preferred Shares BNK.PR.A $ 0.0700¹ 10/31/2024 11/15/2024 Monthly

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Estimated October 2024 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

The October 2024 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency
Purpose USD Cash Management Fund – ETF Units MNU.U US $0.4479 10/29/2024 11/04/2024 Monthly
Purpose Cash Management Fund – ETF Units MNY $0.3910 10/29/2024 11/04/2024 Monthly
Purpose High Interest Savings Fund – ETF Units PSA $0.1852 10/29/2024 11/04/2024 Monthly
Purpose US Cash Fund – ETF Units PSU.U US $0.4275 10/29/2024 11/04/2024 Monthly

Purpose expects to issue a press release on or about October 28, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be October 29, 2024.

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(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.
   

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $21 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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