Purpose Investments Inc. Announces November Distributions

TORONTO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the following distributions for the month of November 2018. The ex-distribution date for all ETFs is November 27, 2018, with the exception of Purpose High Interest Savings ETF and Purpose US Cash ETF, which have an ex-distribution date of November 30, 2018. The ex-distribution date for all closed-end funds is November 29, 2018.


Open-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Purpose Core Dividend Fund - ETF Series	PDF	$ 0.0850¹	11/28/2018	12/07/2018	Monthly
Purpose Enhanced Dividend Fund – ETF Series	PDIV	$ 0.0522¹	11/28/2018	12/07/2018	Monthly
Purpose Total Return Bond Fund - ETF Series	PBD	$ 0.0586¹	11/28/2018	12/07/2018	Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series	PHR	$ 0.0800¹	11/28/2018	12/07/2018	Monthly
Purpose Monthly Income Fund - ETF Series	PIN	$ 0.0830¹	11/28/2018	12/07/2018	Monthly
Purpose Premium Yield Fund – ETF Series	PYF	$ 0.0830¹	11/28/2018	12/07/2018	Monthly
Purpose Canadian Financial Income Fund – ETF Series	BNC	$ 0.0850¹	11/28/2018	12/07/2018	Monthly
Purpose Conservative Income Fund – ETF Series	PRP	$ 0.0540¹	11/28/2018	12/07/2018	Monthly
Purpose International Dividend Fund – ETF Units	PID	$ 0.0780	11/28/2018	12/07/2018	Monthly
Purpose US Dividend Fund – ETF Units	PUD	$ 0.0650	11/28/2018	12/07/2018	Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units	PUD.B	$ 0.0760	11/28/2018	12/07/2018	Monthly
Purpose Tactical Investment Grade Bond Fund – ETF Units	BND	$ 0.0630	11/28/2018	12/07/2018	Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units	SBND	$ 0.0620	11/28/2018	12/07/2018	Monthly
Purpose High Interest Savings ETF	PSA	$ 0.0917	11/30/2018	12/07/2018	Monthly
Purpose US Cash ETF	PSU.U	US$ 0.2052	11/30/2018	12/07/2018	Monthly
Purpose Strategic Yield Fund – ETF Units	SYLD	$ 0.0970	11/28/2018	12/07/2018	Monthly
Purpose Multi-Asset Income Fund – ETF Units	PINC	$ 0.0840	11/28/2018	12/07/2018	Monthly
Purpose Managed Duration Investment Grade Bond Fund – ETF Units	IGB	$ 0.0458¹	11/28/2018	12/07/2018	Monthly
Purpose Canadian Preferred Share Fund – ETF Units	RPS	$ 0.0950	11/28/2018	12/07/2018	Monthly
Purpose Core Equity Income Fund – ETF Series	RDE	$ 0.0654¹	11/28/2018	12/07/2018	Monthly
Purpose US Preferred Share Fund – ETF Units	RPU	$ 0.0940	11/28/2018	12/07/2018	Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units²	RPU.B / RPU.U	$ 0.0940	11/28/2018	12/07/2018	Monthly
Purpose Emerging Markets Dividend Fund – ETF Units	REM	$ 0.0403	11/28/2018	12/07/2018	Monthly
Purpose Energy Credit Fund – ETF Units	PCF	$ 0.0350	11/28/2018	12/07/2018	Monthly
Purpose Energy Credit Fund – Non-Currency Hedged - ETF Units	PCF.U	US$ 0.0359	11/28/2018	12/07/2018	Monthly
Purpose Floating Rate Income Fund – ETF Units	FLOT	$ 0.0312	11/28/2018	12/07/2018	Monthly
Purpose Floating Rate Income Fund - Non-Currency Hedged USD – ETF Units	FLOT.U	US$ 0.0371	11/28/2018	12/07/2018	Monthly
Purpose Floating Rate Income Fund - Non-Currency Hedged – ETF Units	FLOT.B	$ 0.0352	11/28/2018	12/07/2018	Monthly
Purpose Global Financials Income Fund – ETF Units	PFG	$ 0.0468	11/28/2018	12/07/2018	Monthly

Closed-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Investment Grade Managed Duration Income Fund – Class T	PFU.UN	$ 0.0417	11/30/2018	12/14/2018	Monthly
U.S. Banks Income & Growth Fund – Class T	PUB.UN	$ 0.0417	11/30/2018	12/14/2018	Monthly
U.S. Banks Income & Growth Fund – Class A2	unlisted	$ 0.0417	11/30/2018	12/14/2018	Monthly
Canadian Investment Grade Preferred Share Fund (P2L) – Class T	RIGP.UN	$ 0.1146	11/30/2018	12/14/2018	Monthly
Canadian Investment Grade Preferred Share Fund (P2L) – Class A	unlisted	$ 0.1146	11/30/2018	12/14/2018	Monthly

(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 approximately $6.5 billion 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 Financial, an independent technology-driven financial services company.

For further information please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

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.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

Purpose Investments Inc. Announces November Distributions

Distribution channels: Banking, Finance & Investment Industry, Conferences & Trade Fairs

EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.