Purpose Investments Inc. Announces 2023 Final Annual Income and Capital Gains Distributions
TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced the final annual distributions of income and capital gains for its open-end exchange-traded funds structured as mutual fund trusts (the “Funds”) with a December 15, 2023 tax year-end. The distributions represent income earned and capital gains realized by the Funds during the year.
Details of the per unit distribution amounts are as follows:
Final Annual Distributions of Income
| Purpose Mutual Fund Trusts | Ticker Symbol | Exchange | Final Annual Income Distribution Per Unit | Distribution Type | |
| Purpose Global Bond Fund – ETF Units | BND | TSX | $0.1050 | Cash Distribution | |
| Purpose Global Flexible Credit Fund – ETF Units | FLX | TSX | $0.0640 | Cash Distribution | |
| Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged Units | FLX.B | TSX | $0.0740 | Cash Distribution | |
| Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD Units | FLX.U | TSX | US $ 0.0530 | Cash Distribution | |
| Purpose Energy Transition Fund – ETF Units | CLMT | TSX | $0.2900 | Cash Distribution | |
ETF Series unitholders of record at the close of business on December 29, 2023 will receive the 2023 annual income distributions on January 5, 2024. The ex-distribution date for the 2023 annual income distributions will be December 28, 2023.
Final Annual Capital Gains Distributions
| Purpose Mutual Fund Trusts | Ticker Symbol | Exchange | Final Annual Capital Gain Distribution | Distribution Type | |
| Amazon (AMZN) Yield Shares Purpose ETF – ETF Units | YAMZ | Cboe | $2.7000 | Notional Distribution | |
| Tesla (TSLA) Yield Shares Purpose ETF – | YTSL | Cboe | $2.0300 | Notional Distribution | |
| Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units | BRKY | Cboe | $1.5700 | Notional Distribution | |
| Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units | YGOG | Cboe | $3.2500 | Notional Distribution | |
The annual capital gains distributions for the funds listed in table above will be paid as notional distributions. With a notional distribution, the units issued from the distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution.
The notional capital gain distributions will be applied to ETF holders of record as at the close of business on December 22, 2023. The ex-distribution date for the notional capital gain distributions will be December 21, 2023.
The actual breakdown of taxable amounts of reinvested and cash distributions for 2023, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2024.