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Purpose Investments Inc. Announces Revision to December 2019 Distributions for Purpose High Interest Savings ETF and Purpose US Cash ETF

/EIN News/ -- TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Purpose Investments Inc. announced today a revision to the December 2019 distributions for Purpose High Interest Savings ETF (ETF ticker: PSA) and Purpose US Cash ETF (ETF ticker: PSU.U).

The distribution for Purpose High Interest Savings ETF was revised to $0.0987 per unit, and the distribution for Purpose US Cash ETF was revised to US$0.1465 per unit. The ex-distribution date and record date was revised to December 31, 2019 for both ETFs.

The following table reflects the revised distribution rates per unit:

Fund Name Ticker
Distribution per
Record Date Payable Date Distribution
Purpose High Interest
Savings ETF
PSA $0.0987 12/31/2019 01/08/2020 Monthly
Purpose US Cash ETF PSU.U US$0.1465 12/31/2019 01/08/2020 Monthly

About Purpose Investments Inc.

Purpose Investments is an asset management company with over $8 billion in assets 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

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.

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