Purpose Investments Inc. Announces 2022 Estimated Annual Income and Capital Gains Distributions

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TORONTO, Nov. 18, 2022 (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 2022 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 18, 2022. However, circumstances may arise which would cause these estimates to change before the Funds’ tax year-end on December 15, 2022, or December 31, 2022, as applicable.

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Estimated Annual Capital Gain Distributions

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

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

Estimated Annual Distributions of Income

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

Purpose expects to announce the final year-end distribution amounts for Purpose Mutual Fund Trusts, with December 15, 2022, tax year-end, on or about December 21, 2022. The respective unitholders of record on December 30, 2022, will receive the 2022 annual distributions on January 5, 2023. The ex-dividend date for the 2022 annual distributions for these ETFs (Purpose Mutual Fund Trusts) will be December 29, 2022. The final year-end capital gain distributions for these funds will be paid 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 about December 30, 2022, if necessary.

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

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

Open-End Funds
Purpose Fund Corp. Funds:

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Purpose Mutual Funds Limited Funds:

Purpose Mutual Fund Trusts:

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Closed-End Funds:

OM Funds:

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

About Purpose Investments

Purpose Investments is an asset management company with over $14 billion in assets 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 Unlimited, an independent technology-driven financial services company.

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For further information, please contact:
Keera Hart
[email protected]
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.