Purpose Investments Inc. Announces 2023 Estimated Annual Income and Capital Gains Distributions
TORONTO, Nov. 29, 2023 (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 2023 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 29, 2023. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2023 or December 31, 2023, as applicable.
Estimated Annual Capital Gain Distributions
Details of the per unit estimated distribution amounts are as follows:
Closed-End Funds
Big Banc Split Corp. | Ticker | Exchange | Estimated Annual | Distribution Type | |
Big Banc Split Corp – Class A Shares | BNK | TSX | $0.3100 | Cash Distribution |
Purpose expects to announce the final 2023 annual capital gain distributions for Big Banc Split Corp. on or about January 23, 2024, if necessary. No capital gain distribution on Big Banc Split Corp – Preferred Shares (TSX: BNK.PR.A) is expected.
Purpose Mutual Fund Trusts
Fund Name | Ticker | Exchange | Estimated Annual | Distribution Type | |
Purpose Ether Yield ETF – ETF Units | ETHY | TSX | $0.0725 | Cash Distribution | |
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units | ETHY.B | TSX | $0.0900 | Cash Distribution | |
Purpose Ether Yield ETF – ETF Non-Currency Hedged USD Units | ETHY.U | TSX | USD $ 0.0700 | Cash Distribution | |
Apple (AAPL) Yield Shares Purpose ETF – | APLY | Cboe Canada | $1.4900 | Notional Distribution | |
Amazon (AMZN) Yield Shares Purpose ETF – ETF Units | YAMZ | Cboe Canada | $3.6800 | Notional Distribution | |
Tesla (TSLA) Yield Shares Purpose ETF – | YTSL | Cboe Canada | $3.9300 | Notional Distribution | |
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units | BRKY | Cboe Canada | $2.2600 | Notional Distribution | |
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units | YGOG | Cboe Canada | $4.7500 | Notional Distribution |
Estimated Annual Distributions of Income
Purpose Mutual Fund Trusts | Ticker | Exchange | Estimated Annual | Distribution Type | |
Purpose Global Bond Fund – ETF Units | BND | TSX | $0.1100 | Cash Distribution | |
Purpose Global Flexible Credit Fund – ETF Units | FLX | TSX | $0.0770 | Cash Distribution | |
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged Units | FLX.B | TSX | $0.0900 | Cash Distribution | |
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD Units | FLX.U | TSX | USD $ 0.0635 | Cash Distribution | |
Purpose Energy Transition Fund – ETF Units | CLMT | TSX | $0.1500 | Cash Distribution |
Purpose expects to announce the final year-end distribution amounts for Purpose Mutual Fund Trusts with December 15, 2023, tax year-end on or about December 20, 2023. The respective unitholders of record on December 29, 2023, will receive the 2023 annual distributions on January 5, 2024. The ex-dividend date for the 2023 annual distributions for these ETFs (Purpose Mutual Fund Trusts) will be December 28, 2023.
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, and Black Diamond Impact Core Equity Fund – ETF Units on or about December 29, 2023, 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 23, 2024, if necessary.
Purpose confirms that as of November 29, 2023, the following Funds are not expected to have annual capital gains distributions for the 2023 tax year:
Open-End Funds
Purpose Fund Corp. Funds:
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 – Non-Currency Hedged
Purpose Monthly Income Fund
Purpose Premium Yield Fund
Purpose Premium Yield Fund – Non-Currency Hedged
Purpose Conservative Income Fund
Purpose Diversified Real Asset Fund
Purpose International Tactical Hedged Equity Fund
Purpose Enhanced Dividend Fund
Purpose Canadian Financial Income Fund
Purpose Canadian Income Growth Fund
Purpose Canadian Equity Growth Fund
Purpose Core Equity Income Fund
Purpose Tactical Asset Allocation Fund
Purpose Tactical Thematic Fund
Purpose Structured Equity Yield Plus Fund
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 Bitcoin Yield ETF
Purpose Ether ETF
Purpose High Interest Savings Fund
Purpose US Cash Fund
Purpose Cash Management Fund
Purpose USD Cash Management Fund
Purpose International Dividend Fund
Purpose Emerging Markets Dividend Fund
Purpose Multi-Strategy Market Neutral Fund
Purpose Gold Bullion Fund
Purpose Silver Bullion Fund
Purpose Credit Opportunities Fund
Purpose Canadian Preferred Share Fund
Purpose US Preferred Share Fund
Purpose US Preferred Share 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 Global Equity Fund
Black Diamond Impact Core Equity Fund
Longevity Pension Fund
Purpose Active Conservative Fund
Purpose Active Balanced Fund
Purpose Active Growth Fund
Please note that these are estimated amounts only, as of November 29, 2023. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2023 or December 31, 2023, as applicable.
About Purpose Investments
Purpose Investments is an asset management company with more than $18 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.