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Purpose Investments Inc. Announces May 2023 Distributions

TORONTO, May 18, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of May 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all ETFs is May 26, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of May 29, 2023, as well as Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund which have an ex-distribution date of May 30, 2023. The ex-distribution date for all closed-end funds is May 30, 2023.

Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
Purpose Core Dividend Fund - ETF Series PDF $0.10501 05/29/2023 06/07/2023 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $0.09501 05/29/2023 06/07/2023 Monthly
Purpose Total Return Bond Fund - ETF Series PBD $0.05901 05/29/2023 06/07/2023 Monthly
Purpose Real Estate Income Fund – ETF Series PHR $0.07201 05/29/2023 06/07/2023 Monthly
Purpose Monthly Income Fund - ETF Series PIN $0.08301 05/29/2023 06/07/2023 Monthly
Purpose Premium Yield Fund – ETF Series PYF $0.11001 05/29/2023 06/07/2023 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.16501 05/29/2023 06/07/2023 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.12301 05/29/2023 06/07/2023 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $0.12251 05/29/2023 06/07/2023 Monthly
Purpose Conservative Income Fund – ETF Series PRP $0.06001 05/29/2023 06/07/2023 Monthly
Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.13751 05/29/2023 06/07/2023 Monthly
Purpose International Dividend Fund – ETF Units PID $0.0780 05/29/2023 06/07/2023 Monthly
Purpose Global Bond Fund – ETF Units BND $0.0665 05/29/2023 06/07/2023 Monthly
Purpose High Interest Savings Fund – ETF Units PSA $0.2185 05/30/2023 06/07/2023 Monthly
Purpose US Cash Fund – ETF Units PSU.U US $ 0.4737 05/30/2023 06/07/2023 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 05/29/2023 06/07/2023 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 05/29/2023 06/07/2023 Monthly
Purpose Global Bond Class – ETF Units IGB $0.06781 05/29/2023 06/07/2023 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 05/29/2023 06/07/2023 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $0.08001 05/29/2023 06/07/2023 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $0.0940 05/29/2023 06/07/2023 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 05/29/2023 06/07/2023 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 05/29/2023 06/07/2023 Monthly
Purpose Global Flexible Credit Fund – ETF Units FLX $0.0297 05/29/2023 06/07/2023 Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units FLX.U US $ 0.0375 05/29/2023 06/07/2023 Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units FLX.B $0.0365 05/29/2023 06/07/2023 Monthly
Black Diamond Global Equity Fund – ETF Units BDEQ $0.0112 05/29/2023 06/07/2023 Monthly
Black Diamond Distressed Opportunities Fund – ETF Units BDOP $0.0075 05/29/2023 06/07/2023 Monthly
Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 05/29/2023 06/07/2023 Monthly
Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $ 0.0975 05/29/2023 06/07/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0400 05/29/2023 06/07/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $0.0450 05/29/2023 06/07/2023 Monthly
Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US$ 0.0530 05/29/2023 06/07/2023 Monthly
Purpose Ether Yield ETF – ETF Units ETHY $0.0315 05/29/2023 06/07/2023 Monthly
Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $0.0385 05/29/2023 06/07/2023 Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US$ 0.0420 05/29/2023 06/07/2023 Monthly
Purpose Healthcare Innovation Yield ETF – ETF Units HEAL $0.1330 05/29/2023 06/07/2023 Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF YGOG $0.1833 05/29/2023 06/07/2023 Monthly
Amazon (AMZN) Yield Shares Purpose ETF YAMZ $0.2000 05/29/2023 06/07/2023 Monthly
Apple (AAPL) Yield Shares Purpose ETF APLY $0.1667 05/29/2023 06/07/2023 Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF BRKY $0.1000 05/29/2023 06/07/2023 Monthly
Tesla (TSLA) Yield Shares Purpose ETF YTSL $0.3067 05/29/2023 06/07/2023 Monthly
           
Closed-End Funds Ticker Symbol Distribution
per share/unit
Record Date Payable Date Distribution Frequency
Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $0.1146 05/31/2023 06/14/2023 Monthly
Big Banc Split Corp – Class A BNK $0.06621 05/31/2023 06/14/2023 Monthly
Big Banc Split Corp – Preferred Shares BNK.PR.A $0.05001 05/31/2023 06/14/2023 Monthly


Estimated May 2023 Distributions for Purpose Cash Management Fund and Purpose USD Cash Management Fund

The May 2023 distribution rates for Purpose Cash Management Fund and Purpose USD Cash Management Fund are estimated to be as follows:

Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency
Purpose Cash Management Fund - ETF Units MNY $0.4254 05/30/2023 06/07/2023 Monthly
Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.4735 05/30/2023 06/07/2023 Monthly


Purpose expects to issue a press release on or about May 29, 2023, which will provide the final distribution rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund. The ex-distribution date will be May 30, 2023.

(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 more than $16 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 Unlimited, an independent technology-driven financial services company.

For further information, please contact:
Keera Hart
Keera.Hart@kaiserpartners.com
905-580-1257

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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