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.