TORONTO, Dec. 19, 2017 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the final annual capital gains distributions for its open-end exchange-traded funds and closed-end funds (“Funds”) with a December 15, 2017 tax year end. The distributions represent capital gains realized during the year and will not be paid in cash, but will be reinvested in additional units with the resulting units immediately consolidated so that the number of units held by each investor will not change.
Unitholders of record at close of business on December 22, 2017, will receive the 2017 capital gains distributions.
Purpose expects to announce the final annual distribution amounts for Purpose High Interest Savings ETF, Purpose US Cash ETF and Silver Bullion Trust on or about January 5, 2018. For Purpose Fund Corp. and NexC Partners Corp., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 15, 2018, if necessary. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.
| Open-End Funds | TSX Symbol |
Final Annual Capital Gains Distribution Per Unit |
|
| Purpose Mutual Fund Trusts | |||
| Purpose International Dividend Fund – ETF Units | PID | $ 0.3729 | |
| Purpose US Dividend Fund – ETF Units | PUD1 | $ 1.0024 | |
| Purpose US Dividend Fund Non-Currency Hedged – ETF Units | PUD.B | $ 0.3014 | |
| Purpose Tactical Investment Grade Bond Fund – ETF Units | BND | – | |
| Purpose Short Duration Tactical Bond Fund – ETF Units | SBND1 | $ 0.1285 | |
| Purpose Multi Strategy Market Neutral Fund – ETF Series | PMM | – | |
| Closed-End Funds | TSX Symbol |
Final Annual Capital Gains Distribution Per Unit |
|
| Energy Credit Opportunities Income Fund – Class A | PCF.UN | – | |
| Energy Credit Opportunities Income Fund – Class U | PCF.U | – | |
| Investment Grade Managed Duration Income Fund – Class T | PFU.UN | – | |
| Investment Grade Managed Duration Income Fund – Class A | unlisted | – | |
| Investment Grade Managed Duration Income Fund – Class A2 | unlisted | – | |
| Limited Duration Investment Grade Preferred Securities Fund – Class A | PFD.UN | – | |
| Limited Duration Investment Grade Preferred Securities Fund – Class F | unlisted | – | |
| Limited Duration Investment Grade Preferred Securities Fund – Class U | PFD.U | – | |
| Limited Duration Investment Grade Preferred Securities Fund – Class V | unlisted | – | |
| U.S. Banks Income & Growth Fund – Class T | PUB.UN1 | $ 0.6565 | |
| U.S. Banks Income & Growth Fund – Class A | Unlisted1 | $ 0.8120 | |
| U.S. Banks Income & Growth Fund – Class A2 | Unlisted1 | $ 0.8000 | |
(1) PUD, SBND and PUB.UN realized capital gains in 2017 primarily from hedging US dollar exposure.
About Purpose Investments Inc.
Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $4.9 billion in assets under management and currently offers 50 exchange traded funds and mutual funds and 16 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
For further information please contact:
Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: [email protected]
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.