TORONTO, June 18, 2018 (GLOBE NEWSWIRE) — Purpose Investments Inc. is pleased to announce the following distributions for the month of June 2018. The ex-distribution date for all ETFs is June 26, 2018, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex-distribution date of June 29, 2018. The ex-distribution date for all Closed End Funds is June 28, 2018.
|Open-End Funds||Ticker Symbol||Distribution per share/unit||Record Date||Payable Date||Distribution Frequency|
|Purpose Core Dividend Fund – ETF Series||$0.08501||06/27/2018||07/09/2018||Monthly|
|Purpose Enhanced Dividend Fund – ETF Series||PDIV||$0.05221||06/27/2018||07/09/2018||Monthly|
|Purpose Total Return Bond Fund – ETF Series||PBD||$0.04201||06/27/2018||07/09/2018||Monthly|
|Purpose Duration Hedged Real Estate Fund – ETF Series||PHR||$0.08001||06/27/2018||07/09/2018||Monthly|
|Purpose Monthly Income Fund – ETF Series||PIN||$0.08301||06/27/2018||07/09/2018||Monthly|
|Purpose Premium Yield Fund – ETF Series||PYF||$0.08301||06/27/2018||07/09/2018||Monthly|
|Purpose Canadian Financial Income Fund – ETF Series||BNC||$0.08501||06/27/2018||07/09/2018||Monthly|
|Purpose Conservative Income Fund – ETF Series||PRP||$0.05401||06/27/2018||07/09/2018||Monthly|
|Purpose International Tactical Hedged Equity Fund – ETF Series||PHW||$0.11001||06/27/2018||07/09/2018||Quarterly|
|Purpose Diversified Real Asset Fund – ETF Series||PRA||$0.07501||06/27/2018||07/09/2018||Quarterly|
|Purpose International Dividend Fund – ETF Units||PID||$0.0780||06/27/2018||07/09/2018||Monthly|
|Purpose US Dividend Fund – ETF Units||PUD||$0.0650||06/27/2018||07/09/2018||Monthly|
|Purpose US Dividend Fund Non-Currency Hedged – ETF Units||PUD.B||$0.0737||06/27/2018||07/09/2018||Monthly|
|Purpose Tactical Investment Grade Bond Fund – ETF Units||BND||$0.0630||06/27/2018||07/09/2018||Monthly|
|Purpose Short Duration Tactical Bond Fund – ETF Units||SBND||$0.0600||06/27/2018||07/09/2018||Monthly|
|Purpose High Interest Savings ETF||PSA||$0.0549||06/29/2018||07/09/2018||Monthly|
|Purpose US Cash ETF||PSU.U||US$ 0.0998||06/29/2018||07/09/2018||Monthly|
|Purpose Strategic Yield Fund – ETF Units||SYLD||$0.0970||06/27/2018||07/09/2018||Monthly|
|Purpose Multi-Asset Income Fund – ETF Units||PINC||$0.0840||06/27/2018||07/09/2018||Monthly|
|Purpose Canadian Preferred Share Fund – ETF Units||RPS||$0.0950||06/27/2018||07/09/2018||Monthly|
|Purpose Core Equity Income Fund – ETF Series||RDE||$0.06971||06/27/2018||07/09/2018||Monthly|
|Purpose US Preferred Share Fund – ETF Units||RPU||$0.0940||06/27/2018||07/09/2018||Monthly|
|Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2||RPU.B / RPU.U||$0.0940||06/27/2018||07/09/2018||Monthly|
|Purpose Emerging Markets Dividend Fund – ETF Units||REM||$0.0403||06/27/2018||07/09/2018||Monthly|
|Purpose Energy Credit Fund – ETF Units||PCF||$0.0350||06/27/2018||07/09/2018||Monthly|
|Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units||PCF.U||US$ 0.0359||06/27/2018||07/09/2018||Monthly|
|Closed-End Funds||Ticker Symbol||Distribution
|Record Date||Payable Date||Distribution Frequency|
|Investment Grade Managed Duration Income Fund – Class T||PFU.UN||$0.0417||06/29/2018||07/16/2018||Monthly|
|Investment Grade Managed Duration Income Fund – Class A2||unlisted||$0.0417||06/29/2018||07/16/2018||Monthly|
|Limited Duration Investment Grade Preferred Securities Fund – Class A||PFD.UN||$0.1250||06/29/2018||07/16/2018||Monthly|
|Limited Duration Investment Grade Preferred Securities Fund – Class F||unlisted||$0.1250||06/29/2018||07/16/2018||Monthly|
|Limited Duration Investment Grade Preferred Securities Fund – Class U||PFD.U||US$ 0.1198||06/29/2018||07/16/2018||Monthly|
|Limited Duration Investment Grade Preferred Securities Fund – Class V||unlisted||US$ 0.1198||06/29/2018||07/16/2018||Monthly|
|U.S. Banks Income & Growth Fund – Class T||PUB.UN||$0.0417||06/29/2018||07/16/2018||Monthly|
|U.S. Banks Income & Growth Fund – Class A||unlisted||$0.0417||06/29/2018||07/16/2018||Monthly|
|U.S. Banks Income & Growth Fund – Class A2||unlisted||$0.0417||06/29/2018||07/16/2018||Monthly|
|Canadian Investment Grade Preferred Share Fund (P2L) – Class T||RIGP.UN||$0.1146||06/29/2018||07/16/2018||Monthly|
|Canadian Investment Grade Preferred Share Fund (P2L) – Class A||unlisted||$0.1146||06/29/2018||07/16/2018||Monthly|
|Purpose Floating Rate Income Fund – Class A||FLOT.UN||$0.0417||06/29/2018||07/16/2018||Monthly|
|Purpose Floating Rate Income Fund – Class U||FLOT.U||US$ 0.0417||06/29/2018||07/16/2018||Monthly|
|June 2021 Investment Grade Bond Pool – Class T||RBP.UN||$0.0887||06/29/2018||07/16/2018||Quarterly|
|June 2021 Investment Grade Bond Pool – Class A||Unlisted||$0.0775||06/29/2018||07/16/2018||Quarterly|
|Purpose Global Financials Income Fund – Class A||PFG.UN||$0.1875||06/29/2018||07/16/2018||Quarterly|
|Redwood Global Infrastructure Income Fund||MQI.UN||$0.1500||06/29/2018||07/16/2018||Quarterly|
(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 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 $5.5 billion in assets under management and currently offers 50 exchange traded funds and mutual funds and 12 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
For further information please contact:
Purpose Investments Inc.
Tel: (877) 789-1517
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.