Purpose Investments Announces the Launch of an Innovative New Enhanced Dividend Fund
January 02 2018 - 7:15AM
Purpose Investments Inc. is pleased to announce the launch of
Purpose Enhanced Dividend Fund (TSX:PDIV), a new strategy that
combines our successful high-quality North American dividend
strategy with a tactical covered-call option strategy designed to
optimize the trade-off between premium generation and limiting
upside appreciation. Purpose has completed the initial public
offering of ETF shares and the Fund will commence trading on the
Toronto Stock Exchange today under the ticker symbol “PDIV”.
"Investors recognize the crucial role dividends can play in
their portfolios. However, in a world of lofty valuations and flat
to rising interest rates, strategies that seek to enhance income
and lower volatility can be a meaningful way to help manage risk,"
said Som Seif, President and Chief Executive Officer of Purpose
Investments.
Purpose Enhanced Dividend FundPurpose Enhanced
Dividend Fund is designed to provide higher dividend equity income
and lower risk by combining our successful high-quality North
American dividend strategy with a tactical covered-call option
strategy designed to optimize the trade-off between premium
generation and limiting upside appreciation.
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 $4.9
billion in assets under management and currently offers 50 exchange
traded funds and mutual funds and 16 closed-end funds across
multiple asset classes and both traditional and alternative
investment strategies.
For further information please contact:
Nancy Turner
Purpose Investments Inc. Tel: (877) 789-1517 Email:
info@purposeinvest.com
Commissions, trailing commissions, management fees and expenses
all may be associated with investment funds. Please read the
prospectus before investing. If the securities are purchased or
sold on a stock exchange, you may pay more or receive less than the
current net asset value. 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.
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