June 13, 2024
Investments

Purpose Investments Inc. Announces May 2024 Distributions


Purpose Investments Inc.Purpose Investments Inc.

Purpose Investments Inc.

TORONTO, May 17, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of May 2024 for its open-end exchange traded funds and closed-end funds (“the Funds”).

Commencing in May 2024, as North American capital markets transition to T+1 settlement cycle, the distribution ex-dividend dates have been updated to fall on the same day as the distribution record dates for the ETF series of Open-End Purpose Funds. Further, the timeline for distribution payments for ETF series of Open-End Purpose Funds has been shortened and will be processed four business days after the corresponding distribution record date. The industry-wide transition to T+1 settlement cycle is expected to reduce counterparty risk and increase overall market efficiency.

Purpose Emerging Markets Dividend Fund, Purpose International Dividend Fund, Purpose International Tactical Hedged Equity Fund, as well as Purpose Closed-End Funds will continue their existing T+2 settlement cycle, and the distribution ex-dividend date will remain unchanged for these funds.
        
The ex-distribution date for all Open-End Funds is May 29, 2024, with the exception of Purpose Emerging Markets Dividend Fund and Purpose International Dividend Fund, which will have an ex-distribution date of May 28, 2024. The ex-distribution date for all Closed-End Funds is May 30, 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

05/29/2024

06/04/2024

Monthly

Purpose Canadian Financial Income Fund – ETF Series

BNC

$ 0.1225¹

05/29/2024

06/04/2024

Monthly

Purpose Global Bond Fund – ETF Units

BND

$ 0.0712

05/29/2024

06/04/2024

Monthly

Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units

BRKY

$ 0.1000

05/29/2024

06/04/2024

Monthly

Purpose Bitcoin Yield ETF – ETF Units

BTCY

$ 0.0525

05/29/2024

06/04/2024

Monthly

Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units

BTCY.B

$ 0.0605

05/29/2024

06/04/2024

Monthly

Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units

BTCY.U

US $ 0.0510

05/29/2024

06/04/2024

Monthly

Purpose Credit Opportunities Fund – ETF Units

CROP

$ 0.0875

05/29/2024

06/04/2024

Monthly

Purpose Credit Opportunities Fund – ETF USD Units

CROP.U

US $ 0.0975

05/29/2024

06/04/2024

Monthly

Purpose Ether Yield – ETF Units

ETHY

$ 0.0380

05/29/2024

06/04/2024

Monthly

Purpose Ether Yield ETF – ETF Non-Currency Hedged Units

ETHY.B

$ 0.0470

05/29/2024

06/04/2024

Monthly

Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units

ETHY.U

US $ 0.0370

05/29/2024

06/04/2024

Monthly

Purpose Global Flexible Credit Fund – ETF Units

FLX

$ 0.0355

05/29/2024

06/04/2024

Monthly

Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units

FLX.B

$ 0.0421

05/29/2024

06/04/2024

Monthly

Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units

FLX.U

US $ 0.0294

05/29/2024

06/04/2024

Monthly

Purpose Global Bond Class – ETF Units

IGB

$ 0.0729¹

05/29/2024

06/04/2024

Monthly

Microsoft (MSFT) Yield Shares Purpose ETF – ETF units

MSFY

$ 0.1000

05/29/2024

06/04/2024

Monthly

Purpose Enhanced Premium Yield Fund – ETF Series

PAYF

$ 0.1375¹

05/29/2024

06/04/2024

Monthly

Purpose Total Return Bond Fund – ETF Series

PBD

$ 0.0590¹

05/29/2024

06/04/2024

Monthly

Purpose Core Dividend Fund – ETF Series

PDF

$ 0.1050¹

05/29/2024

06/04/2024

Monthly

Purpose Enhanced Dividend Fund – ETF Series

PDIV

$ 0.0950¹

05/29/2024

06/04/2024

Monthly

Purpose Real Estate Income Fund – ETF Series

PHR

$ 0.0720¹

05/29/2024

06/04/2024

Monthly

Purpose International Dividend Fund – ETF Series

PID

$ 0.0780

05/29/2024

06/04/2024

Monthly

Purpose Monthly Income Fund – ETF Series

PIN

$ 0.0830¹

05/29/2024

06/04/2024

Monthly

Purpose Multi-Asset Income Fund – ETF Units

PINC

$ 0.0840

05/29/2024

06/04/2024

Monthly

Purpose Conservative Income Fund – ETF Series

PRP

$ 0.0600¹

05/29/2024

06/04/2024

Monthly

Purpose Premium Yield Fund – ETF Units

PYF

$ 0.1100¹

05/29/2024

06/04/2024

Monthly

Purpose Premium Yield Fund Non-Currency Hedged – ETF Series

PYF.B

$ 0.1230¹

05/29/2024

06/04/2024

Monthly

Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series

PYF.U

US $ 0.1200¹

05/29/2024

06/04/2024

Monthly

Purpose Core Equity Income Fund – ETF Series

RDE

$ 0.0875¹

05/29/2024

06/04/2024

Monthly

Purpose Emerging Markets Dividend Fund – ETF Units

REM

$ 0.0950

05/29/2024

06/04/2024

Monthly

Purpose Canadian Preferred Share Fund – ETF Units

RPS

$ 0.0950

05/29/2024

06/04/2024

Monthly

Purpose US Preferred Share Fund – ETF Series

RPU

$ 0.0940

05/29/2024

06/04/2024

Monthly

Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units²

RPU.B / RPU.U

$ 0.0940

05/29/2024

06/04/2024

Monthly

Purpose Strategic Yield Fund – ETF Units

SYLD

$ 0.0970

05/29/2024

06/04/2024

Monthly

Amazon (AMZN) Yield Shares Purpose ETF- ETF Units

YAMZ

$ 0.3000

05/29/2024

06/04/2024

Monthly

Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units

YGOG

$ 0.2000

05/29/2024

06/04/2024

Monthly

NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units

YNVD

$ 0.4000

05/29/2024

06/04/2024

Monthly

Tesla (TSLA) Yield Shares Purpose ETF – ETF Units

YTSL

$ 0.3000

05/29/2024

06/04/2024

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

05/31/2024

06/14/2024

Monthly

Big Banc Split Corp – Preferred Shares

BNK.PR.A

$ 0.0700¹

05/31/2024

06/14/2024

Monthly

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

The May 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 $ 0.4886

05/29/2024

06/04/2024

Monthly

Purpose Cash Management Fund – ETF Units

MNY

$0.4540

05/29/2024

06/04/2024

Monthly

Purpose High Interest Savings Fund – ETF Units

PSA

$0.2214

05/29/2024

06/04/2024

Monthly

Purpose US Cash Fund – ETF Units

PSU.U

US $ 0.4687

05/29/2024

06/04/2024

Monthly

Purpose expects to issue a press release on or about May 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 May 29, 2024.

(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 $19 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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