SOURCE: Purpose Investments Inc.

Purpose Investments Inc.

February 18, 2016 16:05 ET

Purpose Investments Inc. Announces February Distributions

TORONTO, ON--(Marketwired - February 18, 2016) - Purpose Investments Inc. is pleased to announce the following distributions for the month of February 2016. The ex-distribution date for all funds is February 25, 2016, with the exception of Purpose High Interest Savings ETF which has an ex-distribution date of February 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 02/29/2016 03/07/2016 Monthly
Purpose Total Return Bond Fund - ETF Series PBD   $ 0.04301 02/29/2016 03/07/2016 Monthly
Purpose Duration Hedged Real Estate Fund - ETF Series PHR   $ 0.08001 02/29/2016 03/07/2016 Monthly
Purpose Monthly Income Fund - ETF Series PIN   $ 0.08301 02/29/2016 03/07/2016 Monthly
Purpose Premium Yield Fund - ETF Series PYF   $ 0.11701 02/29/2016 03/07/2016 Monthly
Purpose US Dividend Fund - ETF Class PUD   $ 0.0550 02/29/2016 03/07/2016 Monthly
Purpose US Dividend Fund Non-Currency Hedged - ETF Class PUD.B   $ 0.0600 02/29/2016 03/07/2016 Monthly
Purpose International Dividend Fund - ETF Class PID   $ 0.0600 02/29/2016 03/07/2016 Monthly
Purpose High Interest Savings ETF PSA   $ 0.0410 02/29/2016 03/07/2016 Monthly
Purpose Tactical Investment Grade Bond Fund - ETF Class BND   $ 0.0550 02/29/2016 03/07/2016 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   $ 0.050 02/29/2016 03/14/2016 Monthly
Energy Credit Opportunities Income Fund - Class U PCF.U     US$ 0.050 02/29/2016 03/14/2016 Monthly
Investment Grade Managed Duration Income Fund - Class A unlisted   $ 0.0417 02/29/2016 03/14/2016 Monthly
Investment Grade Managed Duration Income Fund - Class T PFU.UN   $ 0.0417 02/29/2016 03/14/2016 Monthly
U.S. Banks Income & Growth Fund - Class A unlisted   $ 0.0417 02/29/2016 03/14/2016 Monthly
U.S. Banks Income & Growth Fund - Class T PUB.UN   $ 0.0417 02/29/2016 03/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A PFD.UN   $ 0.125 02/29/2016 03/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F unlisted   $ 0.125 02/29/2016 03/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U PFD.U     US$ 0.1198 02/29/2016 03/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class V unlisted     US$ 0.1198 02/29/2016 03/14/2016 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.

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 $1.8 billion in assets under management and currently offers 15 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.

Contact Information

  • For further information please contact:
    Dan Rubin
    Vice President, Marketing
    Purpose Investments Inc.
    Tel: (877) 789-1517
    Email: info@purposeinvest.com