Purpose Investments Inc. Announces Correction to Distribution Payment Date

TORONTO, ON--(Marketwired - October 21, 2016) - Purpose Investments Inc. announces a correction to the October 2016 distribution record date for Limited Duration Investment Grade Preferred Securities Fund - Class F, Limited Duration Investment Grade Preferred Securities Fund - Class U (TSX: PFD.U), Limited Duration Investment Grade Preferred Securities Fund - Class V, U.S. Banks Income & Growth Fund - Class T (TSX: PUB.UN), U.S. Banks Income & Growth Fund - Class A, and U.S. Banks Income & Growth Fund - Class A2. The press release on October 20, 2016 at 18:30 ET reported an incorrect distribution payment date of October 17, 2016. The correct distribution payment date will be November 14, 2016.

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.