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Purpose Investments Inc. Announces July Distributions

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TORONTO, July 20, 2017 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the following distributions for the month of July 2017. The ex-distribution date for all funds is July 27, 2017, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex-distribution date of July 31, 2017.

Open-End Funds TSX
Symbol
Distribution
per share/unit
        Record        
Date
       Payable      
Date
   Distribution  
Frequency
Purpose Core Dividend Fund - ETF Series PDF             $ 0.08001               07/31/2017 08/08/2017 Monthly
Purpose Total Return Bond Fund - ETF Series PBD $ 0.07001              07/31/2017 08/08/2017 Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series PHR $ 0.08001              07/31/2017 08/08/2017 Monthly
Purpose Monthly Income Fund - ETF Series PIN $ 0.08301              07/31/2017 08/08/2017 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.08301              07/31/2017 08/08/2017 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.07501              07/31/2017 08/08/2017 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.04401              07/31/2017 08/08/2017 Monthly
Purpose International Dividend Fund – ETF Units PID $ 0.0560              07/31/2017 08/08/2017 Monthly
Purpose US Dividend Fund – ETF Units PUD $ 0.0510              07/31/2017 08/08/2017 Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $ 0.0597              07/31/2017 08/08/2017 Monthly
Purpose Tactical Investment Grade Bond Fund – ETF Units BND $ 0.0550              07/31/2017 08/08/2017 Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units SBND $ 0.0400              07/31/2017 08/08/2017 Monthly
Purpose High Interest Savings ETF PSA $ 0.0430              07/31/2017 08/08/2017 Monthly
Purpose US Cash ETF PSU.U US$ 0.0870 07/31/2017 08/08/2017 Monthly
           
Closed-End Funds TSX
Symbol
Distribution
per share/unit
Record
Date
Payable
Date
Distribution
Frequency
Energy Credit Opportunities Income Fund – Class A PCF.UN $ 0.0500              07/31/2017 08/15/2017 Monthly
Energy Credit Opportunities Income Fund – Class U PCF.U US$ 0.0500 07/31/2017 08/15/2017 Monthly
Investment Grade Managed Duration Income Fund – Class T    PFU.UN   $ 0.0417              07/31/2017 08/15/2017 Monthly
Investment Grade Managed Duration Income Fund – Class A unlisted $ 0.0417              07/31/2017 08/15/2017 Monthly
Investment Grade Managed Duration Income Fund – Class A2 unlisted $ 0.0417              07/31/2017 08/15/2017 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A   PFD.UN $ 0.1250              07/31/2017 08/15/2017 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F unlisted $ 0.1250              07/31/2017 08/15/2017 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U PFD.U US$ 0.1198 07/31/2017 08/15/2017 Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class V unlisted US$ 0.1198 07/31/2017 08/15/2017 Monthly
U.S. Banks Income & Growth Fund – Class T PUB.UN $ 0.0417              07/31/2017 08/15/2017 Monthly
U.S. Banks Income & Growth Fund – Class A unlisted $ 0.0417              07/31/2017 08/15/2017 Monthly
U.S. Banks Income & Growth Fund – Class A2 unlisted $ 0.0417              07/31/2017 08/15/2017 Monthly

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

About Purpose Investments Inc.

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees.  Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors.  Purpose has over $3 billion in assets under management and currently offers 37 exchange traded funds and mutual funds and 7 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

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.

 

For further information please contact:

Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com 

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