/EINPresswire.com/ -- TORONTO, ON--(Marketwired - December 20, 2016) - Purpose Investments Inc. today announced the 2016 annual capital gains distribution for Purpose Investment Trust Funds. The annual capital gains distributions will not be paid in cash, but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investors will not change.

Unitholders of record at close of business on December 30, 2016, will receive the 2016 capital gains distributions.

Details of the per unit distribution amounts are as follows:

Purpose confirms that the following investment trust funds have no annual capital gains distributions for the 2016 tax year:

• Purpose Tactical Investment Grade Bond Fund
• Purpose International Dividend Fund
• Purpose Multi-Strategy Market Neutral Fund
• Purpose High Interest Savings ETF
• Purpose US Cash ETF
• Energy Credit Opportunities Income Fund
• Limited Duration Investment Grade Preferred Securities Fund
• Investment Grade Managed Duration Income Fund
• U.S. Banks Income & Growth Fund
• Silver Bullion Trust

Purpose expects to announce the final annual capital gains distribution amounts for Purpose Fund Corp. and NexC Partners Corp., both mutual fund corporations, on or about January 6, 2016.

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 $2.7 billion in assets under management and currently offers 33 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 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.