TORONTO, Nov. 27, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual distributions of income and capital gains for its open-end exchange-traded funds and closed-end funds (the “Funds”) for the 2024 tax year. The estimated distributions represent estimated income and capital gains realized by the Funds during the year.
Please note that these are estimated amounts only, as of November 27, 2024. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2024 or December 31, 2024, as applicable.
Estimated Annual Capital Gain Distributions
Purpose Fund Corp.
Fund NameTicker SymbolExchangeEstimated Annual Capital Gains Distribution Per UnitDistribution Type
(Cash or Notional)Purpose Core Dividend Fund – ETF SeriesPDFTSX$ 0.2400Cash DistributionPurpose Tactical Hedged Equity Fund – ETF SeriesPHETSX$ 0.2600Cash DistributionPurpose Tactical Hedged Equity Fund – Non-Currency Hedged – ETF SeriesPHE.BTSX$ 0.6100Cash DistributionPurpose Diversified Real Asset Fund – ETF SeriesPRATSX$ 0.1800Cash DistributionPurpose Best Ideas Fund – ETF SeriesPBITSX$ 1.3200Cash DistributionPurpose Best Ideas Fund – Non-Currency Hedged – ETF SeriesPBI.BTSX$ 1.5600Cash DistributionPurpose International Tactical Hedged Equity Fund – ETF SeriesPHWTSX$ 0.2500Cash DistributionPurpose Canadian Financial Income Fund – ETF SeriesBNCTSX$ 1.0400Cash DistributionPurpose Enhanced Dividend Fund – ETF SeriesPDIVTSX$ 0.0100Cash DistributionPurpose Core Equity Income Fund – ETF SeriesRDECboe Canada$ 0.2500Cash DistributionPurpose Tactical Asset Allocation Fund – ETF SeriesRTACboe Canada$ 0.7800Cash DistributionPurpose Tactical Thematic Fund – ETF SeriesRTTCboe Canada$ 0.3700Cash Distribution
Shareholders of record of ETF series of Purpose Fund Corp Funds on January 30, 2025 are expected receive the capital gains distributions on or about February 5, 2025.
Purpose Mutual Fund Trusts
Details of the per unit estimated capital gain distribution amounts are as follows:
Fund NameTicker SymbolExchangeEstimated Annual Capital Gains Distribution Per UnitDistribution Type
(Cash or Notional)Purpose Bitcoin Yield ETF – ETF UnitsBTCYTSX$ 1.0500Notional DistributionPurpose Bitcoin Yield ETF – ETF Non-Currency Hedged UnitsBTCY.BTSX$ 1.2400Notional DistributionPurpose Bitcoin Yield ETF – ETF Non-Currency Hedged USD UnitsBTCY.UTSXUS $ 1.4200Notional DistributionPurpose Ether Yield ETF – ETF UnitsETHYTSX$ 0.7600Notional DistributionPurpose Ether Yield ETF – ETF Non-Currency Hedged UnitsETHY.BTSX$ 0.9700Notional DistributionPurpose Ether Yield ETF – ETF Non-Currency Hedged USD UnitsETHY.UTSXUS $ 1.0300Notional DistributionPurpose Active Balanced Fund – ETF UnitsPABFTSX$ 0.1400Cash DistributionPurpose Active Growth Fund – ETF UnitsPAGFTSX$ 0.0400Cash DistributionApple (AAPL) Yield Shares Purpose ETF – ETF UnitsAPLYCboe Canada$ 0.6200Notional DistributionAmazon (AMZN) Yield Shares Purpose ETF – ETF UnitsYAMZCboe Canada$ 3.3200Notional DistributionBerkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF UnitsBRKYCboe Canada$ 1.2900Notional DistributionAlphabet (GOOGL) Yield Shares Purpose ETF – ETF UnitsYGOGCboe Canada$ 2.7400Notional DistributionNVIDIA (NVDA) Yield Shares Purpose ETF – ETF UnitsYNVDCboe Canada$ 1.4700Notional DistributionMicrosoft (MSFT) Yield Shares Purpose ETF – ETF UnitsMSFYCboe Canada$ 0.3200Notional DistributionPurpose USD Cash Management Fund – ETF UnitsMNU.UTSXUS $ 0.0700Notional Distribution
Estimated Annual Distributions of Income
Details of the per unit estimated income distribution amounts are as follows:
Purpose Mutual Fund TrustsTicker Symbol Exchange Estimated Annual Income Distribution Per UnitDistribution Type
(Cash or Notional)Purpose Global Flexible Credit Fund – ETF UnitsFLXTSX$ 0.1500Cash DistributionPurpose Global Flexible Credit Fund – ETF Non-Currency Hedged UnitsFLX.BTSX$ 0.1800Cash DistributionPurpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD UnitsFLX.UTSXUS $ 0.1700Cash DistributionPurpose Specialty Lending Trust – Class A UnitsUnlisted$ 0.1700Notional DistributionPurpose Specialty Lending Trust – Class F UnitsUnlisted$ 0.1800Notional DistributionPurpose Specialty Lending Trust – Class A-1 (Series 2) UnitsUnlisted$ 0.2000Notional DistributionPurpose Specialty Lending Trust – Class F Units (Series 3)Unlisted$ 0.2100Notional DistributionPurpose Specialty Lending Trust – Class U UnitsUnlistedUS $ 0.2300Notional Distribution
Purpose expects to announce the final year-end distribution amounts for Purpose Mutual Fund Trusts with December 15, 2024 tax year-end on or about December 20, 2024. The respective unitholders of record on December 31, 2024 will receive the 2024 annual distributions on January 7, 2025. The ex-dividend date for the 2024 annual distributions for these ETFs (Purpose Mutual Fund Trusts) will be December 31, 2024.
Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund – ETF Units, Purpose US Cash Fund – ETF Units, Purpose Cash Management Fund – ETF Units, Purpose USD Cash Management Fund – ETF Units on or about December 31, 2024, if necessary.
Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 24, 2025, if necessary.
Purpose confirms that as of November 27, 2024, the following Funds are not expected to have annual capital gains distributions for the 2024 tax year:
Open-End Funds
Purpose Fund Corp. Funds:
Purpose Total Return Bond FundPurpose Monthly Income FundPurpose Real Estate Income FundPurpose Premium Yield FundPurpose Premium Yield Fund – Non-Currency HedgedPurpose Conservative Income FundPurpose Premium Money Market FundStoneCastle Income Growth FundStoneCastle Equity Growth FundPurpose Structured Equity Yield Plus FundAMD (AMD) Yield Shares Purpose ETFMETA (META) Yield Shares Purpose ETF Purpose Mutual Funds Limited Funds:
Purpose Global Innovators FundPurpose Global Bond ClassPurpose Enhanced Premium Yield FundPurpose Global Resource FundPurpose Special Opportunities FundPurpose Structured Equity Yield FundPurpose Structured Equity Growth Fund
Purpose Mutual Fund Trusts:
Purpose Bitcoin ETFPurpose Ether ETFPurpose Global Bond FundPurpose International Dividend FundPurpose Gold Bullion FundPurpose Silver Bullion FundPurpose Silver Bullon Fund – Non-Currency HedgedPurpose Multi-Strategy Market Neutral FundTesla (TSLA) Yield Shares Purpose ETFPurpose Credit Opportunities FundPurpose Canadian Preferred Share FundPurpose Strategic Yield FundPurpose Multi-Asset Income FundPurpose Active Conservative FundLongevity Pension FundPurpose Marijuana Opportunities FundPurpose Emerging Markets Dividend FundPurpose US Preferred Share FundPurpose US Preferred Share Fund- Non-Currency HedgedPurpose High Interest Savings FundPurpose US Cash FundPurpose Cash Management Fund Please note that these are estimated amounts only, as of November 27, 2024. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2024 or December 31, 2024, as applicable.
About Purpose Investments
Purpose Investments is an asset management company with more than $21 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.
For further information please contact:
Keera Hart
Keera.Hart@kaiserpartners.com
905-580-1257
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.
