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Purpose Investments Inc. Announces March 2024 Distributions

Purpose Investments Inc.
Purpose Investments Inc.

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of March 2024 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all ETFs is March 25, 2024, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of March 26, 2024, 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 March 27, 2024. The ex-distribution date for all closed-end funds is March 27, 2024.

Open-End Funds

Ticker Symbol

Distribution per share/unit

Record Date

Payable Date

Distribution Frequency

Apple (AAPL) Yield Shares Purpose ETF

APLY

$0.1667

03/26/2024

04/05/2024

Monthly

Purpose Canadian Financial Income Fund – ETF Series

BNC

$0.1225¹

03/26/2024

04/05/2024

Monthly

Purpose Global Bond Fund – ETF Units

BND

$0.0712

03/26/2024

04/05/2024

Monthly

Berkshire Hathaway (BRK) Yield Shares Purpose ETF

BRKY

$0.1000

03/26/2024

04/05/2024

Monthly

Purpose Bitcoin Yield ETF – ETF Units

BTCY

$0.0525

03/26/2024

04/05/2024

Monthly

Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units

BTCY.B

$0.0605

03/26/2024

04/05/2024

Monthly

Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units

BTCY.U

US $0.0510

03/26/2024

04/05/2024

Monthly

Purpose Credit Opportunities Fund – ETF Units

CROP

$0.0875

03/26/2024

04/05/2024

Monthly

Purpose Credit Opportunities Fund – ETF USD Units

CROP.U

US $0.0975

03/26/2024

04/05/2024

Monthly

Purpose Ether Yield – ETF Units

ETHY

$0.0380

03/26/2024

04/05/2024

Monthly

Purpose Ether Yield ETF – ETF Non-Currency hedged Units

ETHY.B

$0.0470

03/26/2024

04/05/2024

Monthly

Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units

ETHY.U

US $0.0370

03/26/2024

04/05/2024

Monthly

Purpose Global Flexible Credit Fund – ETF Units

FLX

$0.0355

03/26/2024

04/05/2024

Monthly

Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units

FLX.B

$0.0421

03/26/2024

04/05/2024

Monthly

Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units

FLX.U

US $0.0294

03/26/2024

04/05/2024

Monthly

Purpose Global Bond Class – ETF Units

IGB

$0.0729¹

03/26/2024

04/05/2024

Monthly

Purpose Marijuana Opportunities Fund – ETF units

MJJ

$0.0100

03/26/2024

04/05/2024

Quarterly

Microsoft (MSFT) Yield Shares Purpose ETF – ETF units

MSFY

$0.1000

03/26/2024

04/05/2024

Monthly

Purpose Enhanced Premium Yield Fund – ETF Series

PAYF

$0.1375¹

03/26/2024

04/05/2024

Monthly

Purpose Active Balanced Fund – ETF Units

PABF

$0.1650

03/26/2024

04/05/2024

Quarterly

Purpose Active Conservative Fund – ETF Units

PACF

$0.1900

03/26/2024

04/05/2024

Quarterly

Purpose Active Growth Fund – ETF Units

PAGF

$0.1550

03/26/2024

04/05/2024

Quarterly

Purpose Total Return Bond Fund – ETF Series

PBD

$0.0590¹

03/26/2024

04/05/2024

Monthly

Purpose Core Dividend Fund – ETF Series

PDF

$0.1050¹

03/26/2024

04/05/2024

Monthly

Purpose Enhanced Dividend Fund – ETF Series

PDIV

$0.0950¹

03/26/2024

04/05/2024

Monthly

Purpose Real Estate Income Fund – ETF Series

PHR

$0.0720¹

03/26/2024

04/05/2024

Monthly

Purpose International Tactical Hedged Equity Fund – ETF Series

PHW

$0.1500

03/26/2024

04/05/2024

Quarterly

Purpose International Dividend Fund – ETF Series

PID

$0.0780

03/26/2024

04/05/2024

Monthly

Purpose Monthly Income Fund – ETF Series

PIN

$0.0830¹

03/26/2024

04/05/2024

Monthly

Purpose Multi-Asset Income Fund – ETF Units

PINC

$0.0840

03/26/2024

04/05/2024

Monthly

Purpose Diversified Real Asset Fund – ETF Series

PRA

$0.2100

03/26/2024

04/05/2024

Quarterly

Purpose Conservative Income Fund – ETF Series

PRP

$0.0600¹

03/26/2024

04/05/2024

Monthly

Purpose Premium Yield Fund – ETF Units

PYF

$0.1100¹

03/26/2024

04/05/2024

Monthly

Purpose Premium Yield Fund Non-Currency Hedged – ETF Series

PYF.B

$0.1230¹

03/26/2024

04/05/2024

Monthly

Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series

PYF.U

US $0.1200¹

03/26/2024

04/05/2024

Monthly

Purpose Core Equity Income Fund – ETF Series

RDE

$0.0800¹

03/26/2024

04/05/2024

Monthly

Purpose Emerging Markets Dividend Fund – ETF Units

REM

$0.0950

03/26/2024

04/05/2024

Monthly

Purpose Canadian Preferred Share Fund – ETF Units

RPS

$0.0950

03/26/2024

04/05/2024

Monthly

Purpose US Preferred Share Fund – ETF Series

RPU

$0.0940

03/26/2024

04/05/2024

Monthly

Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units²

RPU.B / RPU.U

$0.0940

03/26/2024

04/05/2024

Monthly

Purpose Strategic Yield Fund – ETF Units

SYLD

$0.0970

03/26/2024

04/05/2024

Monthly

Amazon (AMZN) Yield Shares Purpose ETF

YAMZ

$0.3000

03/26/2024

04/05/2024

Monthly

Alphabet (GOOGL) Yield Shares Purpose ETF

YGOG

$0.2000

03/26/2024

04/05/2024

Monthly

NVIDIA (NVDA) Yield Shares Purpose ETF

YNVD

$0.3500

03/26/2024

04/05/2024

Monthly

Tesla (TSLA) Yield Shares Purpose ETF

YTSL

$0.3000

03/26/2024

04/05/2024

Monthly

 

 

 

 

 

 

Closed-End Funds

Ticker Symbol

Distribution per share/unit

Record Date

Payable Date

Distribution Frequency

Big Banc Split Corp – Class A

BNK

$0.1200¹

03/28/2024

04/12/2024

Monthly

Big Banc Split Corp – Preferred Shares

BNK.PR.A

$0.0700¹

03/28/2024

04/12/2024

Monthly


Estimated March 2024 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

The March 2024 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

Fund Name

Ticker Symbol

Estimated Distribution per unit

Record Date

Payable Date

Distribution Frequency

Purpose USD Cash Management Fund – ETF Units

MNU.U

US $0.4197

03/27/2024

04/05/2024

Monthly

Purpose Cash Management Fund – ETF Units

MNY

$0.3891

03/27/2024

04/05/2024

Monthly

Purpose High Interest Savings – ETF Units – ETF Units

PSA

$0.1874

03/27/2024

04/05/2024

Monthly

Purpose US Cash Fund – ETF Units – ETF Units

PSU.U

US $0.3966

03/27/2024

04/05/2024

Monthly


Purpose expects to issue a press release on or about March 26, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be March 27, 2024.

(1)

Dividend is designated as an “eligible” Canadian dividend for purposes of theIncome 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.

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Purpose Investments is an asset management company with more than $20 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 may all 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.