Purpose Investments Announces Exercise of Over-Allotment Option for Follow-on Offering of U.S. Dollar Denominated Units of the Limited Duration Investment Grade Preferred Securities Fund

TORONTO, ONTARIO--(Marketwired - Aug. 28, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Purpose Investments Inc. ("Purpose") is pleased to announce that Limited Duration Investment Grade Preferred Securities Fund (the "Fund") has issued an additional 10,768 Class U units of the Fund pursuant to the exercise of the over-allotment option by the syndicate of agents. In total, the Fund has issued an aggregate of 360,768 Class U and Class V units (the "USD Units") at US$25.00 per USD Unit, for gross proceeds of U.S. $9,019,200. The Class U Units are listed on the Toronto Stock Exchange under the symbol PFD.U. The Fund is managed by Purpose and the portfolio is actively managed by Nuveen Asset Management, LLC.

The Fund's investment objectives are to provide unitholders with: (i) a stable stream of monthly distributions; (ii) to preserve the net asset value per USD Unit; and (iii) to reduce the risk of rising interest rates by managing portfolio duration.

The Fund completed its initial public offering of Canadian dollar denominated Class A Units and Class F Units (together the "CAD Units") on June 20, 2013, through the issuance of an aggregate of 3,600,000 Class A Units and Class F Units at CAD $25.00 per CAD Unit for aggregate gross proceeds of CAD $90,000,000. The Class A Units currently trade on the Toronto Stock Exchange under the symbol PFD.UN.

USD Units of the Fund were offered on a best efforts basis in each of the provinces and territories in Canada through a syndicate of investment dealers co-led by TD Securities Inc., CIBC, RBC Capital Markets, National Bank Financial Inc., Scotiabank and including BMO Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and Rothenberg Capital Management Inc.

This offering is made only by prospectus. The final prospectus contains important detailed information about the Units. The final prospectus relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the final prospectus may be obtained from one of the agents noted above. Investors should read the final prospectus before making an investment decision.