Purpose Investments Inc. Announces 2022 Annual Estimate

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TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual income and capital gains distributions for its open-end exchange-traded funds and open-ended funds. fixed assets (the “Funds”) for the 2022 taxation year. The estimated distributions represent the estimated income and capital gains realized by the Funds during the year.

Please note that these are only estimated amounts as of November 18, 2022. However, circumstances may arise which would cause these estimates to change before the end of the Funds’ taxation year, December 15, 2022. or December 31, 2022, as the case may be.

Estimated annual capital gains distributions

Details of the estimated distribution amounts per unit are as follows:

Big Banc Split Corp. Teleprinter
Symbol
Swap Annual Estimate
Capital gains
Breakdown by unit
Big Banc Split Corp – Class A Shares BNK TSX $1.5100

The estimated annual capital gains distribution for Big Banc Split Corp. – Class A shares, if any, will be paid in cash. Purpose plans to announce the final 2022 annual capital gains distributions for Big Banc Split Corp. on or around January 20, 2023, if necessary.

Estimation of annual income distributions

Mutual fund trusts Teleprinter
Symbol
Swap Annual Estimate
Income distribution
Per unit
Crypto Opportunities ETF Object – ETF Units CRYP TSX $0.1100
Objective Crypto Opportunities ETF – ETF Non-Currency Hedged Units CRYP.B TSX $0.1100
Objective Crypto Opportunities ETF – ETF Non-Currency Hedged USD Units CRYP.U TSX $0.1100

Estimated annual income distributions for the Purpose Crypto Opportunities ETF, if any, will be paid in cash.

Purpose expects to announce final year-end distribution amounts for the Purpose Mutual Fund Trusts, with the December 15, 2022 tax year end on or about December 21, 2022. The respective unitholders registrants on December 30, 2022 will receive the 2022 Annual Distributions on January 5, 2023. The ex-dividend date of the 2022 annual distributions for these ETFs (Purpose Mutual Fund Trusts) will be December 29, 2022. The last earnings distributions in Year-end capital for these funds will be paid out in cash.

Purpose expects to announce the final year-end distributions for Purpose High Interest Savings ETF – ETF Units, Purpose US Cash Fund – ETF Units and Purpose Cash Management Fund – ETF Units on or around December 30, 2022, if necessary.

Purpose plans to announce the final annual capital gains distributions for Purpose Fund Corp. and Big Banc Split Corp. on or around January 20, 2023, if necessary.

Purpose confirms that effective November 18, 2022, the following funds are not expected to have annual capital gains distributions for the 2022 tax year:

Open funds
Purpose Fund Corp. :

  • Purpose Total Return Bond Fund
  • Purpose Core Dividend Fund
  • Purpose Tactical Hedged Equity Fund
  • Purpose Tactical Hedged Equity Fund – Non Currency Hedged
  • Purpose Premium Money Market Fund
  • Purpose Real Estate Income Fund
  • Purpose Best Ideas Fund
  • Purpose Best Ideas Fund – Not Currency Hedged
  • Purpose Monthly Income Fund
  • Purpose High Yield Fund
  • Purpose High Yield Fund – Non Currency Hedged
  • Purpose Conservative Income Fund
  • Purpose Diversified Real Assets Fund
  • Purpose International Tactical Hedged Equity Fund
  • Purpose Enhanced Dividend Fund
  • Purpose Canadian Financial Income Fund
  • Purpose Canadian Income Growth Fund
  • Purpose Canadian Growth Equity Fund
  • Behavioral Opportunities Fund
  • Purpose Core Equity Income Fund
  • Purpose Tactical Asset Allocation Fund
  • Purpose Premium Yield Structured Equity Fund

Purpose Mutual Funds Limited:

  • Purpose Global Innovators Fund
  • Purpose Global Bond Class
  • Purpose High Yield Fund
  • Purpose Global Resource Fund
  • Purpose Special Opportunities Fund
  • Purpose Structured Equity Portfolio
  • Purpose Structured Equity Growth Fund

Mutual fund trusts:

  • Objective Bitcoin ETF
  • Bitcoin Yield ETFs
  • Objective Ether ETF
  • Ether Yield ETF Goal
  • Purpose High Interest Savings ETF
  • Purpose U.S. Treasury Fund
  • Purpose Cash Management Fund
  • Purpose Money Market Fund
  • Purpose Global Bond Fund
  • Purpose US Dividend Fund
  • Purpose US Dividend Fund – Not Currency Hedged
  • Purpose International Dividend Fund
  • Purpose Emerging Markets Dividend Fund
  • Purpose Multi-Strategy Market Neutral Fund
  • Purpose Global Climate Opportunities Fund
  • Purpose Gold Bullion Fund
  • Purpose Silver Bullion Fund
  • Purpose Global Flexible Credit Fund
  • Purpose Credit Opportunities Fund
  • Purpose Canadian Preferred Equity Fund
  • Purpose U.S. Preferred Equity Fund
  • Purpose U.S. Preferred Equity Fund – Non Currency Hedged
  • Purpose Strategic Yield Fund
  • Purpose Multi-Asset Income Fund
  • Purpose Marijuana Opportunities Fund
  • Black Diamond Global Enhanced Income Fund
  • Black Diamond Distressed Opportunities Fund
  • Black Diamond Global Equity Fund
  • Black Diamond Impact Core Equity Fund
  • Purpose Healthcare Innovation Yield Fund
  • Longevity pension fund

Closed-end funds:

  • Canadian Investment Grade Preferred Share Fund

OM funds:

  • Specialized Loan Trust

Please note that these are only estimated amounts as of November 18, 2022. However, circumstances may arise which would cause these estimates to change before the end of the Funds’ taxation year, December 15, 2022. or December 31, 2022, as the case may be.

About Purpose Investments

Purpose Investments is an asset management company with over $14 billion in assets under management. Purpose Investments has a relentless focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by renowned entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-focused financial services company.

For more information, please contact:
Keera Hart
[email protected]
905-580-1257

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There is no guarantee that the full amount of your investment in a fund will be returned to you. If securities are bought or sold on an 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.

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