Purpose Investments Inc. (“Purpose”) announced today that it has changed the risk rating for Black Diamond Global Equity Fund (the “Fund”) from “low-to-medium” to “medium.” Such change is a result of the risk rating methodology mandated by the Canadian Securities Administrators and the periodic review by Purpose to determine the risk level of its publicly-offered mutual funds.
No material changes have been made to the investment objective, strategies or management of the Fund as a result. The change of the risk rating will be reflected in amendments to the Fund’s offering documents, which will be completed in accordance with applicable securities laws.
About Purpose Investments
Purpose Investments is an asset management company with approximately $14 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of outcome-focused 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.