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Posted by Purpose Investments on May 18th, 2023

Purpose Investments Inc. Announces May 2023 Distributions

Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of May 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all ETFs is May 26, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of May 29, 2023, as well as Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund which have an ex-distribution date of May 30, 2023. The ex-distribution date for all closed-end funds is May 30, 2023.

Open-End Funds

Ticker Symbol

Distribution per share/unit

Record Date

Payable Date

Distribution Frequency

Purpose Core Dividend Fund - ETF Series

PDF

$ 0.10501

05/29/2023

06/07/2023

Monthly

Purpose Enhanced Dividend Fund – ETF Series

PDIV

$ 0.09501

05/29/2023

06/07/2023

Monthly

Purpose Total Return Bond Fund - ETF Series

PBD

$ 0.05901

05/29/2023

06/07/2023

Monthly

Purpose Real Estate Income Fund – ETF Series

PHR

$ 0.07201

05/29/2023

06/07/2023

Monthly

Purpose Monthly Income Fund - ETF Series

PIN

$ 0.08301

05/29/2023

06/07/2023

Monthly

Purpose Premium Yield Fund – ETF Series

PYF

$ 0.11001

05/29/2023

06/07/2023

Monthly

Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series

PYF.U

US $ 0.16501

05/29/2023

06/07/2023

Monthly

Purpose Premium Yield Fund Non-Currency Hedged – ETF Series

PYF.B

$ 0.12301

05/29/2023

06/07/2023

Monthly

Purpose Canadian Financial Income Fund – ETF Series

BNC

$ 0.12251

05/29/2023

06/07/2023

Monthly

Purpose Conservative Income Fund – ETF Series

PRP

$ 0.06001

05/29/2023

06/07/2023

Monthly

Purpose Enhanced Premium Yield Fund – ETF Series

PAYF

$ 0.13751

05/29/2023

06/07/2023

Monthly

Purpose International Dividend Fund – ETF Units

PID

$ 0.0780

05/29/2023

06/07/2023

Monthly

Purpose Global Bond Fund – ETF Units

BND

$ 0.0665

05/29/2023

06/07/2023

Monthly

Purpose High Interest Savings Fund – ETF Units

PSA

$ 0.2185

05/30/2023

06/07/2023

Monthly

Purpose US Cash Fund – ETF Units

PSU.U

US $ 0.4737

05/30/2023

06/07/2023

Monthly

Purpose Strategic Yield Fund – ETF Units

SYLD

$ 0.0970

05/29/2023

06/07/2023

Monthly

Purpose Multi-Asset Income Fund – ETF Units

PINC

$ 0.0840

05/29/2023

06/07/2023

Monthly

Purpose Global Bond Class – ETF Units

IGB

$ 0.06781

05/29/2023

06/07/2023

Monthly

Purpose Canadian Preferred Share Fund – ETF Units

RPS

$ 0.0950

05/29/2023

06/07/2023

Monthly

Purpose Core Equity Income Fund – ETF Series

RDE

$ 0.08001

05/29/2023

06/07/2023

Monthly

Purpose US Preferred Share Fund – ETF Units

RPU

$ 0.0940

05/29/2023

06/07/2023

Monthly

Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2

RPU.B / RPU.U

$ 0.0940

05/29/2023

06/07/2023

Monthly

Purpose Emerging Markets Dividend Fund – ETF Units

REM

$ 0.0950

05/29/2023

06/07/2023

Monthly

Purpose Global Flexible Credit Fund – ETF Units

FLX

$ 0.0297

05/29/2023

06/07/2023

Monthly

Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units

FLX.U

US $ 0.0375

05/29/2023

06/07/2023

Monthly

Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units

FLX.B

$ 0.0365

05/29/2023

06/07/2023

Monthly

Black Diamond Global Equity Fund – ETF Units

BDEQ

$ 0.0112

05/29/2023

06/07/2023

Monthly

Black Diamond Distressed Opportunities Fund – ETF Units

BDOP

$ 0.0075

05/29/2023

06/07/2023

Monthly

Purpose Credit Opportunities Fund – ETF Units

CROP

$ 0.0875

05/29/2023

06/07/2023

Monthly

Purpose Credit Opportunities Fund – ETF USD Units

CROP.U

US $ 0.0975

05/29/2023

06/07/2023

Monthly

Purpose Bitcoin Yield ETF – ETF Units

BTCY

$ 0.0400

05/29/2023

06/07/2023

Monthly

Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units

BTCY.B

$ 0.0450

05/29/2023

06/07/2023

Monthly

Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units

BTCY.U

US$ 0.0530

05/29/2023

06/07/2023

Monthly

Purpose Ether Yield ETF – ETF Units

ETHY

$ 0.0315

05/29/2023

06/07/2023

Monthly

Purpose Ether Yield ETF – ETF Non-Currency hedged Units

ETHY.B

$ 0.0385

05/29/2023

06/07/2023

Monthly

Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units

ETHY.U

US$ 0.0420

05/29/2023

06/07/2023

Monthly

Purpose Healthcare Innovation Yield ETF – ETF Units

HEAL

$ 0.1330

05/29/2023

06/07/2023

Monthly

Alphabet (GOOGL) Yield Shares Purpose ETF

YGOG

$ 0.1833

05/29/2023

06/07/2023

Monthly

Amazon (AMZN) Yield Shares Purpose ETF

YAMZ

$ 0.2000

05/29/2023

06/07/2023

Monthly

Apple (AAPL) Yield Shares Purpose ETF

APLY

$ 0.1667

05/29/2023

06/07/2023

Monthly

Berkshire Hathaway (BRK) Yield Shares Purpose ETF

BRKY

$ 0.1000

05/29/2023

06/07/2023

Monthly

Tesla (TSLA) Yield Shares Purpose ETF

YTSL

$ 0.3067

05/29/2023

06/07/2023

Monthly

 

 

 

 

 

 

 

Closed-End Funds

Ticker Symbol

Distribution

per share/unit

Record Date

Payable Date

Distribution Frequency

Canadian Investment Grade Preferred Share Fund – Class T

RIGP.UN

$ 0.1146

05/31/2023

06/14/2023

Monthly

Big Banc Split Corp – Class A

BNK

$ 0.06621

05/31/2023

06/14/2023

Monthly

Big Banc Split Corp – Preferred Shares

BNK.PR.A

$ 0.05001

05/31/2023

06/14/2023

Monthly

Estimated May 2023 Distributions for Purpose Cash Management Fund and Purpose USD Cash Management Fund

The May 2023 distribution rates for Purpose Cash Management Fund and Purpose USD Cash Management Fund are estimated to be as follows:

Fund Name

Ticker Symbol

Estimated Distribution per unit

Record Date

Payable Date

Distribution Frequency

Purpose Cash Management Fund - ETF Units

MNY

$ 0.4254

05/30/2023

06/07/2023

Monthly

Purpose USD Cash Management Fund – ETF Units

MNU.U

US $ 0.4735

05/30/2023

06/07/2023

Monthly

Purpose expects to issue a press release on or about May 29, 2023, which will provide the final distribution rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund. The ex-distribution date will be May 30, 2023.

(1)   Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

(2)   Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $16 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.

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.