SOURCE: Purpose Investments Inc.

Purpose Investments Inc.

April 21, 2016 19:00 ET

Purpose Investments Inc. Announces April Distributions

TORONTO, ON--(Marketwired - April 21, 2016) -  Purpose Investments Inc. is pleased to announce the following distributions for the month of April 2016. The ex-distribution date for all funds is April 27, 2016, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF which have an ex-distribution date of April 29, 2016.

Open-End Funds   TSX Symbol   Distribution per share/unit   Record Date   Payable Date   Distribution Frequency
Purpose Core Dividend Fund - ETF Series   PDF   $ 0.07501   04/29/2016   05/06/2016   Monthly
Purpose Total Return Bond Fund - ETF Series   PBD   $ 0.05001   04/29/2016   05/06/2016   Monthly
Purpose Duration Hedged Real Estate Fund - ETF Series   PHR   $ 0.08001   04/29/2016   05/06/2016   Monthly
Purpose Monthly Income Fund - ETF Series   PIN   $ 0.08301   04/29/2016   05/06/2016   Monthly
Purpose Premium Yield Fund - ETF Series   PYF   $ 0.11701   04/29/2016   05/06/2016   Monthly
Purpose International Dividend Fund - ETF Units   PID   $ 0.0560   04/29/2016   05/06/2016   Monthly
Purpose US Dividend Fund - ETF Units   PUD   $ 0.0525   04/29/2016   05/06/2016   Monthly
Purpose US Dividend Fund Non-Currency Hedged - ETF Units   PUD.B   $ 0.0600   04/29/2016   05/06/2016   Monthly
Purpose Tactical Investment Grade Bond Fund - ETF Units   BND   $ 0.0500   04/29/2016   05/06/2016   Monthly
Purpose High Interest Savings ETF   PSA   $ 0.0390   04/29/2016   05/06/2016   Monthly
Purpose US Cash ETF   PSU.U   US$ 0.0290   04/29/2016   05/06/2016   Monthly
                     
                     
Closed-End Funds   TSX Symbol   Distribution per share/unit   Record Date   Payable Date   Distribution Frequency
Energy Credit Opportunities Income Fund - Class A   PCF.UN   $ 0.0500   04/29/2016   05/13/2016   Monthly
Energy Credit Opportunities Income Fund - Class U   PCF.U   US$ 0.0500   04/29/2016   05/13/2016   Monthly
Investment Grade Managed Duration Income Fund - Class T   PFU.UN   $ 0.0417   04/29/2016   05/13/2016   Monthly
Investment Grade Managed Duration Income Fund - Class A   unlisted   $ 0.0417   04/29/2016   05/13/2016   Monthly
Investment Grade Managed Duration Income Fund - Class A2   unlisted   $ 0.0417   04/29/2016   05/13/2016   Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A   PFD.UN   $ 0.1250   04/29/2016   05/13/2016   Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F   unlisted   $ 0.1250   04/29/2016   05/13/2016   Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U   PFD.U   US$ 0.1198   04/29/2016   05/13/2016   Monthly
Limited Duration Investment   Grade Preferred Securities Fund - Class V   unlisted   US$ 0.1198   04/29/2016   05/13/2016   Monthly
U.S. Banks Income & Growth Fund - Class T   PUB.UN   $ 0.0417   04/29/2016   05/13/2016   Monthly
U.S. Banks Income & Growth Fund - Class A   unlisted   $ 0.0417   04/29/2016   05/13/2016   Monthly

(1) Dividend is designated as an "eligible" Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

About Purpose Investments Inc.

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 approximately $2.0 billion in assets under management and currently offers 17 exchange traded funds and mutual funds and 6 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

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

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.

Contact Information

  • For further information please contact:

    Dan Rubin
    Vice President, Marketing
    Purpose Investments Inc.
    Tel: (877) 789-1517
    Email: info@purposeinvest.com