Purpose Investments Inc. Announces 2022 Final Annual Income and Capital Gains Distributions
December 21 2022 - 9:07PM
Purpose Investments Inc. (“Purpose”) today announced the final
annual distributions of income and capital gains for its open-end
exchange-traded funds and closed-end funds structured as mutual
fund trusts (the “Funds”) with a December 15, 2022 tax year-end.
The distributions represent income earned and capital gains
realized by the Funds during the year.
The annual income distributions and capital gain distributions
for the funds listed below will be paid in cash. ETF Series
unitholders of record at the close of business on December 30, 2022
will receive the 2022 annual distributions on January 5, 2023.
Details of the per unit distribution amounts are as follows:
Final Annual Distributions of Income
Purpose Mutual Fund Trusts |
TickerSymbol |
Exchange |
Final Annual IncomeDistribution Per Unit |
Purpose Crypto Opportunities ETF – ETF Units |
CRYP |
TSX |
$ 0.1500 |
Purpose Crypto Opportunities ETF – ETF Non-Currency Hedged
Units |
CRYP.B |
TSX |
$ 0.1500 |
Purpose Crypto Opportunities ETF – ETF Non-Currency Hedged USD
Units |
CRYP.U |
TSX |
US $ 0.1500 |
Final Annual Capital Gains Distributions
Purpose Mutual Fund Trusts |
TickerSymbol |
Exchange |
Final Annual Capital GainDistribution Per
Unit |
Purpose Global Climate Opportunities Fund – ETF Units |
CLMT |
TSX |
$ 0.0350 |
Purpose expects to announce the final year-end distributions for
Purpose High Interest Savings ETF – ETF Units, Purpose US Cash Fund
– ETF Units, and Purpose Cash Management Fund – ETF Units on or
about December 30, 2022, if necessary.
Purpose expects to announce the final annual capital gain
distributions for Purpose Fund Corp. and Big Banc Split Corp. on or
about January 20, 2023, if necessary. Shareholders of record on
January 27, 2023 will receive the annual capital gains
distributions on February 1, 2023, and such capital gains will be
applicable for 2022 tax year. The final year-end capital gains
distributions for these funds will be paid in cash. Purpose
confirms that Purpose Mutual Funds Limited funds will not declare
annual capital gain distributions for 2022.
About Purpose Investments
Purpose Investments is an asset management company with more
than $14 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 Unlimited, an independent technology-driven
financial services company.
For further information please contact:Keera
HartKeera.Hart@kaiserpartners.com905-580-1257
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.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities
referred to herein. This press release is not for dissemination in
the United States or for distribution to US news wire services.
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