CROP Purpose Credit Opportunities Fund

Purpose Investments Inc. (“Purpose Investments” or “Purpose”) is pleased to announce its participation in a significant advancement to the operational framework of the Canadian and U.S. securities markets: the transition from a T+2 to T+1 settlement cycle.

In conjunction with Canadian and U.S. security markets, Purpose will shorten its settlement cycles for several funds to T+1 from T+2, effective May 27, 2024. The decision to transition to T+1 settlements comes as part of Purpose’s ongoing efforts to stay on the leading edge of evolving market trends and regulatory requirements. By reducing settlement times by one business day, Purpose aims to streamline operations and ensure a quicker and smoother experience for clients buying and selling stocks.

The list of Purpose ETFs below will be transitioning to a T+1 settlement schedule. U.K., E.U. and Asian markets have yet to commit to T+1 Settlement but are in discussions to convert to T+1 no earlier than 2025.

Ticker	CUSIP	CUSIP Name
YGOG	02080B104	Alphabet (GOOGL) Yield Shares Purpose ETF
YAMZ	02314T103	Amazon (AMZN) Yield Shares Purpose ETF
APLY	03783G101	Apple (AAPL) Yield Shares Purpose ETF
BRKY	08465C104	Berkshire Hathaway (BRK) Yield Shares Purpose ETF
MSFY	59516H105	Microsoft (MSFT) Yield Shares Purpose ETF
YNVD	654938109	NVIDIA (NVDA) Yield Shares Purpose ETF
YTSL	88161X107	Tesla (TSLA) Yield Shares Purpose ETF
PABF	74639A101	Purpose Active Balanced Fund
PACF	74639B109	Purpose Active Conservative Fund
PAGF	74639C107	Purpose Active Growth Fund
PBI	74640J109	Purpose Best Ideas Fund
PBI.B	74640J208	Purpose Best Ideas Fund - Non-Currency Hedged
BTCY	74642T105	Purpose Bitcoin Yield ETF
BTCY.B	74642T204	Purpose Bitcoin Yield ETF - Non-Currency Hedged
BTCY.U	74642T303	Purpose Bitcoin Yield ETF - Non-Currency Hedged USD
BNC	74641F106	Purpose Canadian Financial Income Fund
RPS	74642D100	Purpose Canadian Preferred Share Fund
PRP	74641W109	Purpose Conservative Income Fund
PDF	74639Y109	Purpose Core Dividend Fund
RDE	74642L102	Purpose Core Equity Income Fund
CROP	74643L101	Purpose Credit Opportunities Fund
CROP.U	74643L200	Purpose Credit Opportunities Fund - Non-Currency Hedged USD
PRA	74639Y406	Purpose Diversified Real Asset Fund
PDIV	74640V102	Purpose Enhanced Dividend Fund
PAYF	74642M100	Purpose Enhanced Premium Yield Fund
ETHY	74642R109	Purpose Ether Yield ETF
ETHY.B	74642R208	Purpose Ether Yield ETF - Non-Currency Hedged
ETHY.U	74642R307	Purpose Ether Yield ETF - Non-Currency Hedged USD
IGB	74642H101	Purpose Global Bond Class
BND	74641B105	Purpose Global Bond Fund
FLX	74643C101	Purpose Global Flexible Credit Fund
FLX.B	74643C200	Purpose Global Flexible Credit Fund - Non-Currency Hedged
FLX.U	74643C309	Purpose Global Flexible Credit Fund - Non-Currency Hedged USD
PINV	74641A107	Purpose Global Innovators Fund
KILO	74642E306	Purpose Gold Bullion Fund
KILO.B	74642E108	Purpose Gold Bullion Fund - Non-Currency Hedged
KILO.U	74642E207	Purpose Gold Bullion Fund - Non-Currency Hedged USD
MJJ	74641T106	Purpose Marijuana Opportunities Fund
PIN	74639Y307	Purpose Monthly Income Fund
PINC	74641M101	Purpose Multi-Asset Income Fund
PMM	74640H103	Purpose Multi-Strategy Market Neutral Fund
PYF	74641L103	Purpose Premium Yield Fund
PYF.B	74641L202	Purpose Premium Yield Fund - Non-Currency Hedged
PYF.U	74641L301	Purpose Premium Yield Fund - Non-Currency Hedged USD
PHR	74640L104	Purpose Real Estate Income Fund
SBT	74641C103	Purpose Silver Bullion Fund
SBT.B	74641C202	Purpose Silver Bullion Fund - Non-Currency Hedged
SYLD	74641N109	Purpose Strategic Yield Fund
RTA	74642G103	Purpose Tactical Asset Allocation Fund
PHE	74639Y208	Purpose Tactical Hedged Equity Fund
PHE.B	74640M102	Purpose Tactical Hedged Equity Fund - Non-Currency Hedged
RTT	74640U104	Purpose Tactical Thematic Fund
PBD	74639Y505	Purpose Total Return Bond Fund
PUD	74640K106	Purpose U.S. Dividend Fund
PUD.B	74640K205	Purpose U.S. Dividend Fund - Non-Currency Hedged
RPU	74641R100	Purpose U.S. Preferred Share Fund
RPU.B	74641R308	Purpose U.S. Preferred Share Fund - Non-Currency Hedged
RPU.U	74641R209	Purpose U.S. Preferred Share Fund - Non-Currency Hedged USD

Purpose’s Canadian-listed ETFs holding international assets, Purpose Emerging Markets Fund, Purpose International Dividend Fund and Purpose International Tactical Hedged Equity Fund will continue their existing T+2 settlement cycle until further notice.

See below a detailed timeline of the T+1 transition.

	Friday May 24, 2024	Monday May 27, 2024	Tuesday May 28, 2024
ETFs with Canadian/U.S. Underlying Assets	Final trade date for T+2 Settlement	First trade date for T+1 Settlement	T+1 Settlement on all tradesDouble settlement date
ETFs with International Underlying Assets	T+2 Settlement on all trades	T+2 Settlement on all trades	T+2 Settlement on all trades

The transition from T+2 to T+1 settlements will be implemented in accordance with regulatory requirements and market standards. Purpose will work closely with its partners, clients, and regulatory bodies to ensure a smooth and seamless transition process.

For more information about Purpose Investments and its transition to T+1 settlements, please visit www.purposeinvest.com or contact our operations team at operations@purposeinvest.com.

About Purpose Investments

Purpose Investments Inc. is an asset management company with more than $19 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.

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.

The content of this document is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

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.