Purpose Investments Inc.

Purpose Investments Inc.

November 24, 2014 08:00 ET

Purpose Investments Announces the Launch of Innovative U.S. Dividend Fund

TORONTO, ONTARIO--(Marketwired - Nov. 24, 2014) - Purpose Investments Inc. ("Purpose") is pleased to announce the launch of the Purpose US Dividend Fund (TSX:PUD)(TSX:PUD.B) (the "Fund"). The initial public offering of the currency hedged ETF units and non-currency hedged ETF units has closed and the ETF units will commence trading on the Toronto Stock Exchange today under the ticker symbols PUD (currency hedged) and PUD.B (non-currency hedged).

"With the success of the Purpose Core Dividend Fund and the continued demand for income oriented equity solutions, it was important for us to expand our traditional line-up to include the Purpose US Dividend Fund," said Som Seif, President and Chief Executive Officer of Purpose Investments. "For Canadians seeking to increase their exposure to the U.S. economy, this Fund is composed entirely of high-quality dividend-paying U.S. equities. The Fund will use Purpose's proven fundamental rules-based security selection to not only select companies that have a consistent history of providing income to shareholders, but more importantly have the fundamentals to continue to grow their businesses and dividends in the future."

Purpose US Dividend Fund (Currency Hedged - TSX: PUD & Non-Currency Hedged - TSX: PUD.B)

The Purpose US Dividend Fund is a diversified portfolio of high quality U.S. companies with the capacity to pay and grow their dividends. This Fund is guided by a fundamental rules-based strategy that provides investors with attractive monthly distributions and the potential for long-term growth.

About Purpose Investments

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $900 million in assets under management and currently offers 11 exchange traded funds and mutual funds and two closed-end funds across multiple asset classes and strategies.

Purpose is the manager of NexC Partners Corp. (TSX:NXC), an investment corporation which invests in a portfolio of high quality North American dividend-paying equity securities and also owns an equity stake in Purpose.

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