Purpose Investments Inc., the manager of Investment Grade Managed Duration Income Fund (the “Fund”), announced today that the Class A2 units of the Fund were automatically converted in accordance with their terms into Class T units effective October 4, 2018. The exchange ratio used for the conversion is 1.034668 Class T units for each Class A2 unit converted. The Class T units are exchange traded under ticker symbol PFU.UN on the Aequitas NEO Exchange. No fractional Class T units or cash in lieu thereof will be issued or paid under the automatic conversion. Unitholder holdings will be updated by the Canadian Depository for Securities Limited and their participant dealers.
About Purpose Investments
Purpose Investments is an asset management company with approximately $6.1 billion 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 Financial, an independent technology-driven financial services company.
For further information please contact:
Purpose Investments Inc.
Tel: (877) 789-1517