Purpose Investments Inc. Announces May Distributions
/EINPresswire.com/ -- TORONTO, ON--(Marketwired - May 19, 2016) - Purpose Investments Inc. is pleased to announce the following distributions for the month of May 2016. The ex-distribution date for all funds is May 27, 2016, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF which have an ex-distribution date of May 31, 2016.
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Distribution
TSX per Record Distribution
Open-End Funds Symbol share/unit Date Payable Date Frequency
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Purpose Core
Dividend Fund - PDF $ 0.0750(1) 05/31/2016 06/07/2016 Monthly
ETF Series
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Purpose Total
Return Bond Fund PBD $ 0.0600(1) 05/31/2016 06/07/2016 Monthly
- ETF Series
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Purpose Duration
Hedged Real
Estate Fund - ETF PHR $ 0.0800(1) 05/31/2016 06/07/2016 Monthly
Series
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Purpose Monthly
Income Fund - ETF PIN $ 0.0830(1) 05/31/2016 06/07/2016 Monthly
Series
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Purpose Premium
Yield Fund - ETF PYF $ 0.1170(1) 05/31/2016 06/07/2016 Monthly
Series
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Purpose
International
Dividend Fund - PID $ 0.0560 05/31/2016 06/07/2016 Monthly
ETF Units
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Purpose US
Dividend Fund - PUD $ 0.0525 05/31/2016 06/07/2016 Monthly
ETF Units
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Purpose US
Dividend Fund
Non-Currency PUD.B $ 0.0600 05/31/2016 06/07/2016 Monthly
Hedged - ETF
Units
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Purpose Tactical
Investment Grade
Bond Fund - ETF BND $ 0.0550 05/31/2016 06/07/2016 Monthly
Units
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Purpose High
Interest Savings PSA $ 0.0445 05/31/2016 06/07/2016 Monthly
ETF
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Purpose US Cash
ETF PSU.U US$ 0.0320 05/31/2016 06/07/2016 Monthly
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Distribution
TSX per Record Distribution
Closed-End Funds Symbol share/unit Date Payable Date Frequency
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Energy Credit
Opportunities
Income Fund - PCF.UN $ 0.0500 05/31/2016 06/14/2016 Monthly
Class A
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Energy Credit
Opportunities
Income Fund - PCF.U US$ 0.0500 05/31/2016 06/14/2016 Monthly
Class U
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Investment Grade
Managed Duration
Income Fund - PFU.UN $ 0.0417 05/31/2016 06/14/2016 Monthly
Class T
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Investment Grade
Managed Duration
Income Fund - unlisted $ 0.0417 05/31/2016 06/14/2016 Monthly
Class A
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Investment Grade
Managed Duration
Income Fund - unlisted $ 0.0417 05/31/2016 06/14/2016 Monthly
Class A2
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Limited Duration
Investment Grade
Preferred PFD.UN $ 0.1250 05/31/2016 06/14/2016 Monthly
Securities Fund -
Class A
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Limited Duration
Investment Grade
Preferred unlisted $ 0.1250 05/31/2016 06/14/2016 Monthly
Securities Fund -
Class F
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Limited Duration
Investment Grade
Preferred PFD.U US$ 0.1198 05/31/2016 06/14/2016 Monthly
Securities Fund -
Class U
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Limited Duration
Investment Grade
Preferred unlisted US$ 0.1198 05/31/2016 06/14/2016 Monthly
Securities Fund -
Class V
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U.S. Banks Income
& Growth Fund - PUB.UN $ 0.0417 05/31/2016 06/14/2016 Monthly
Class T
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U.S. Banks Income
& Growth Fund - unlisted $ 0.0417 05/31/2016 06/14/2016 Monthly
Class A
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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.
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 approximately $1.9 billion in assets under management and currently offers 17 exchange traded funds and mutual funds and 6 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
Purpose is the manager of NexC Partners Corp. (TSX: NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities, plus owns an equity stake in Purpose.
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total return and the cumulative total return including changes in share value and reinvestment of all dividends and does not take into account sales, redemptions, distributions or optional charges or income taxes payable by any shareholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
For further information please contact:
Dan Rubin
Vice President, Marketing
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com
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