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Purpose Investments Inc. Announces January Distributions

By January 18, 2019 No Comments

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 PDF $ 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

per share/unit

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
  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.

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.

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.