SOURCE: Purpose Investments Inc.

Purpose Investments Inc.

May 19, 2016 17:00 ET

Purpose Investments Inc. Announces May Distributions

TORONTO, ON--(Marketwired - May 19, 2016) -  Purpose Investments Inc. is pleased to announce the following distributions for the month of May 2016. The ex-distribution date for all funds is May 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 May 31, 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 05/31/2016 06/07/2016 Monthly
Purpose Total Return Bond Fund - ETF Series   PBD $ 0.06001 05/31/2016 06/07/2016 Monthly
Purpose Duration Hedged Real Estate Fund - ETF Series   PHR $ 0.08001 05/31/2016 06/07/2016 Monthly
Purpose Monthly Income Fund - ETF Series   PIN $ 0.08301 05/31/2016 06/07/2016 Monthly
Purpose Premium Yield Fund - ETF Series   PYF $ 0.11701 05/31/2016 06/07/2016 Monthly
Purpose International Dividend Fund - ETF Units   PID $ 0.0560 05/31/2016 06/07/2016 Monthly
Purpose US Dividend Fund - ETF Units   PUD $ 0.0525 05/31/2016 06/07/2016 Monthly
Purpose US Dividend Fund Non-Currency Hedged - ETF Units   PUD.B $ 0.0600 05/31/2016 06/07/2016 Monthly
Purpose Tactical Investment Grade Bond Fund - ETF Units   BND $ 0.0550 05/31/2016 06/07/2016 Monthly
Purpose High Interest Savings ETF   PSA $ 0.0445 05/31/2016 06/07/2016 Monthly
Purpose US Cash ETF   PSU.U US$ 0.0320 05/31/2016 06/07/2016 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 $ 0.0500 05/31/2016 06/14/2016 Monthly
Energy Credit Opportunities Income Fund - Class U   PCF.U US$ 0.0500 05/31/2016 06/14/2016 Monthly
Investment Grade Managed Duration Income Fund - Class T   PFU.UN $ 0.0417 05/31/2016 06/14/2016 Monthly
Investment Grade Managed Duration Income Fund - Class A   unlisted $ 0.0417 05/31/2016 06/14/2016 Monthly
Investment Grade Managed Duration Income Fund - Class A2   unlisted $ 0.0417 05/31/2016 06/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A   PFD.UN $ 0.1250 05/31/2016 06/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F   unlisted $ 0.1250 05/31/2016 06/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U   PFD.U US$ 0.1198 05/31/2016 06/14/2016 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class V   unlisted US$ 0.1198 05/31/2016 06/14/2016 Monthly
U.S. Banks Income & Growth Fund - Class T   PUB.UN $ 0.0417 05/31/2016 06/14/2016 Monthly
U.S. Banks Income & Growth Fund - Class A   unlisted $ 0.0417 05/31/2016 06/14/2016 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.

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 $1.9 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