Purpose Investments Inc. is pleased to announce the following distributions for the month of January 2019. The ex-distribution date for all ETFs is January 28, 2019, with the exception of Purpose High Interest Savings ETF and Purpose US Cash ETF, which have an ex-distribution date of January 30, 2019. The ex-distribution date for all closed-end funds is January 30, 2019.
|Open-End Funds||Ticker Symbol||Distribution per share/unit||Record Date||Payable Date||Distribution Frequency|
|Purpose Core Dividend Fund – ETF Series||$ 0.08501||01/29/2019||02/07/2019||Monthly|
|Purpose Enhanced Dividend Fund – ETF Series||PDIV||$ 0.05221||01/29/2019||02/07/2019||Monthly|
|Purpose Total Return Bond Fund – ETF Series||PBD||$ 0.05861||01/29/2019||02/07/2019||Monthly|
|Purpose Duration Hedged Real Estate Fund – ETF Series||PHR||$ 0.08001||01/29/2019||02/07/2019||Monthly|
|Purpose Monthly Income Fund – ETF Series||PIN||$ 0.08301||01/29/2019||02/07/2019||Monthly|
|Purpose Premium Yield Fund – ETF Series||PYF||$ 0.08301||01/29/2019||02/07/2019||Monthly|
|Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series||PYF.U||US $ 0.08851||01/29/2019||02/07/2019||Monthly|
|Purpose Premium Yield Fund Non-Currency Hedged – ETF Series||PYF.B||$ 0.08851||01/29/2019||02/07/2019||Monthly|
|Purpose Canadian Financial Income Fund – ETF Series||BNC||$ 0.08501||01/29/2019||02/07/2019||Monthly|
|Purpose Conservative Income Fund – ETF Series||PRP||$ 0.05401||01/29/2019||02/07/2019||Monthly|
|Purpose International Dividend Fund – ETF Units||PID||$ 0.0780||01/29/2019||02/07/2019||Monthly|
|Purpose US Dividend Fund – ETF Units||PUD||$ 0.0650||01/29/2019||02/07/2019||Monthly|
|Purpose US Dividend Fund Non-Currency Hedged – ETF Units||PUD.B||$ 0.0760||01/29/2019||02/07/2019||Monthly|
|Purpose Global Bond Fund – ETF Units||BND||$ 0.0483||01/29/2019||02/07/2019||Monthly|
|Purpose Short Duration Tactical Bond Fund – ETF Units||SBND||$ 0.0620||01/29/2019||02/07/2019||Monthly|
|Purpose High Interest Savings ETF||PSA||$ 0.0897||01/30/2019||02/07/2019||Monthly|
|Purpose US Cash ETF||PSU.U||US$ 0.2103||01/30/2019||02/07/2019||Monthly|
|Purpose Strategic Yield Fund – ETF Units||SYLD||$ 0.0970||01/29/2019||02/07/2019||Monthly|
|Purpose Multi-Asset Income Fund – ETF Units||PINC||$ 0.0840||01/29/2019||02/07/2019||Monthly|
|Purpose Managed Duration Investment Grade Bond Fund – ETF Units||IGB||$ 0.04581||01/29/2019||02/07/2019||Monthly|
|Purpose Canadian Preferred Share Fund – ETF Units||RPS||$ 0.0950||01/29/2019||02/07/2019||Monthly|
|Purpose Core Equity Income Fund – ETF Series||RDE||$ 0.06301||01/29/2019||02/07/2019||Monthly|
|Purpose US Preferred Share Fund – ETF Units||RPU||$ 0.0940||01/29/2019||02/07/2019||Monthly|
|Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2||RPU.B / RPU.U||$ 0.0940||01/29/2019||02/07/2019||Monthly|
|Purpose Emerging Markets Dividend Fund – ETF Units||REM||$ 0.0403||01/29/2019||02/07/2019||Monthly|
|Purpose Energy Credit Fund – ETF Units||PCF||$ 0.0350||01/29/2019||02/07/2019||Monthly|
|Purpose Energy Credit Fund – Non-Currency Hedged – ETF Units||PCF.U||US$ 0.0359||01/29/2019||02/07/2019||Monthly|
|Purpose Floating Rate Income Fund – ETF Units||FLOT||$ 0.0312||01/29/2019||02/07/2019||Monthly|
|Purpose Floating Rate Income Fund – Non-Currency Hedged USD – ETF Units||FLOT.U||US$ 0.0371||01/29/2019||02/07/2019||Monthly|
|Purpose Floating Rate Income Fund – Non-Currency Hedged – ETF Units||FLOT.B||$ 0.0352||01/29/2019||02/07/2019||Monthly|
|Purpose Global Financials Income Fund – ETF Units||PFG||$ 0.0468||01/29/2019||02/07/2019||Monthly|
|Closed-End Funds||Ticker Symbol||Distribution
|Record Date||Payable Date||Distribution Frequency|
|Investment Grade Managed Duration Income Fund – Class T||PFU.UN||$ 0.0417||01/31/2019||02/14/2019||Monthly|
|U.S. Banks Income & Growth Fund – Class T||PUB.UN||$ 0.0417||01/31/2019||02/14/2019||Monthly|
|U.S. Banks Income & Growth Fund – Class A2||unlisted||$ 0.0417||01/31/2019||02/14/2019||Monthly|
|Canadian Investment Grade Preferred Share Fund – Class T||RIGP.UN||$ 0.1146||01/31/2019||02/14/2019||Monthly|
|Canadian Investment Grade Preferred Share Fund – Class A||unlisted||$ 0.1146||01/31/2019||02/14/2019||Monthly|
- Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
- 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.
Units of Redwood Energy Income Fund, Redwood Monthly Income Fund, Redwood Advantage Monthly Income Fund, Redwood Global Financials Income Fund and Redwood Floating Rate Bond Fund were delisted from the Toronto Stock Exchange at the close of business on May 4, 2018.
Securityholders of a Terminating Fund are not required to take any action in order to become securityholders of the respective Continuing Fund.
Complete details regarding the Mergers, including the tax basis of the Mergers and the matters considered at the special meetings, were outlined in the management information circular dated March 12, 2018 (the “Circular”) sent to securityholders of the Terminating Funds and the Voting Continuing Funds (as defined in the Circular) of record as of March 12, 2018, available on www.sedar.com.