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 Name
Ticker Symbol
Exchange
Estimated Annual Capital Gains Distribution Per Unit
Distribution Type (Cash or Notional)
Purpose Core Dividend Fund – ETF Series
PDF
TSX
$ 0.2400
Cash Distribution
Purpose Tactical Hedged Equity Fund – ETF Series
PHE
TSX
$ 0.2600
Cash Distribution
Purpose Tactical Hedged Equity Fund - Non-Currency Hedged – ETF Series
PHE.B
TSX
$ 0.6100
Cash Distribution
Purpose Diversified Real Asset Fund – ETF Series
PRA
TSX
$ 0.1800
Cash Distribution
Purpose Best Ideas Fund – ETF Series
PBI
TSX
$ 1.3200
Cash Distribution
Purpose Best Ideas Fund - Non-Currency Hedged – ETF Series
PBI.B
TSX
$ 1.5600
Cash Distribution
Purpose International Tactical Hedged Equity Fund – ETF Series
PHW
TSX
$ 0.2500
Cash Distribution
Purpose Canadian Financial Income Fund – ETF Series
BNC
TSX
$ 1.0400
Cash Distribution
Purpose Enhanced Dividend Fund – ETF Series
PDIV
TSX
$ 0.0100
Cash Distribution
Purpose Core Equity Income Fund – ETF Series
RDE
Cboe Canada
$ 0.2500
Cash Distribution
Purpose Tactical Asset Allocation Fund – ETF Series
RTA
Cboe Canada
$ 0.7800
Cash Distribution
Purpose Tactical Thematic Fund – ETF Series
RTT
Cboe Canada
$ 0.3700
Cash 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 Name
Ticker Symbol
Exchange
Estimated Annual Capital Gains Distribution Per Unit
Distribution Type (Cash or Notional)
Purpose Bitcoin Yield ETF – ETF Units
BTCY
TSX
$ 1.0500
Notional Distribution
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units
BTCY.B
TSX
$ 1.2400
Notional Distribution
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged USD Units
BTCY.U
TSX
US $ 1.4200
Notional Distribution
Purpose Ether Yield ETF – ETF Units
ETHY
TSX
$ 0.7600
Notional Distribution
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units
ETHY.B
TSX
$ 0.9700
Notional Distribution
Purpose Ether Yield ETF – ETF Non-Currency Hedged USD Units
ETHY.U
TSX
US $ 1.0300
Notional Distribution
Purpose Active Balanced Fund – ETF Units
PABF
TSX
$ 0.1400
Cash Distribution
Purpose Active Growth Fund – ETF Units
PAGF
TSX
$ 0.0400
Cash Distribution
Apple (AAPL) Yield Shares Purpose ETF – ETF Units
APLY
Cboe Canada
$ 0.6200
Notional Distribution
Amazon (AMZN) Yield Shares Purpose ETF – ETF Units
YAMZ
Cboe Canada
$ 3.3200
Notional Distribution
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units
BRKY
Cboe Canada
$ 1.2900
Notional Distribution
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units
YGOG
Cboe Canada
$ 2.7400
Notional Distribution
NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units
YNVD
Cboe Canada
$ 1.4700
Notional Distribution
Microsoft (MSFT) Yield Shares Purpose ETF – ETF Units
MSFY
Cboe Canada
$ 0.3200
Notional Distribution
Purpose USD Cash Management Fund – ETF Units
MNU.U
TSX
US $ 0.0700
Notional Distribution
Estimated Annual Distributions of Income
Details of the per unit estimated income distribution amounts are as follows:
Purpose Mutual Fund Trusts
Ticker Symbol
Exchange
Estimated Annual Income Distribution Per Unit
Distribution Type (Cash or Notional)
Purpose Global Flexible Credit Fund – ETF Units
FLX
TSX
$ 0.1500
Cash Distribution
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged Units
FLX.B
TSX
$ 0.1800
Cash Distribution
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD Units
FLX.U
TSX
US $ 0.1700
Cash Distribution
Purpose Specialty Lending Trust – Class A Units
Unlisted
$ 0.1700
Notional Distribution
Purpose Specialty Lending Trust – Class F Units
Unlisted
$ 0.1800
Notional Distribution
Purpose Specialty Lending Trust – Class A-1 (Series 2) Units
Unlisted
$ 0.2000
Notional Distribution
Purpose Specialty Lending Trust – Class F Units (Series 3)
Unlisted
$ 0.2100
Notional Distribution
Purpose Specialty Lending Trust – Class U Units
Unlisted
US $ 0.2300
Notional 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 Fund
Purpose Monthly Income Fund
Purpose Real Estate Income Fund
Purpose Premium Yield Fund
Purpose Premium Yield Fund – Non-Currency Hedged
Purpose Conservative Income Fund
Purpose Premium Money Market Fund
StoneCastle Income Growth Fund
StoneCastle Equity Growth Fund
Purpose Structured Equity Yield Plus Fund
AMD (AMD) Yield Shares Purpose ETF
META (META) Yield Shares Purpose ETF
Purpose Mutual Funds Limited Funds:
Purpose Global Innovators Fund
Purpose Global Bond Class
Purpose Enhanced Premium Yield Fund
Purpose Global Resource Fund
Purpose Special Opportunities Fund
Purpose Structured Equity Yield Fund
Purpose Structured Equity Growth Fund
Purpose Mutual Fund Trusts:
Purpose Bitcoin ETF
Purpose Ether ETF
Purpose Global Bond Fund
Purpose International Dividend Fund
Purpose Gold Bullion Fund
Purpose Silver Bullion Fund
Purpose Silver Bullon Fund – Non-Currency Hedged
Purpose Multi-Strategy Market Neutral Fund
Tesla (TSLA) Yield Shares Purpose ETF
Purpose Credit Opportunities Fund
Purpose Canadian Preferred Share Fund
Purpose Strategic Yield Fund
Purpose Multi-Asset Income Fund
Purpose Active Conservative Fund
Longevity Pension Fund
Purpose Marijuana Opportunities Fund
Purpose Emerging Markets Dividend Fund
Purpose US Preferred Share Fund
Purpose US Preferred Share Fund- Non-Currency Hedged
Purpose High Interest Savings Fund
Purpose US Cash Fund
Purpose 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.
