TORONTO, Nov.  29, 2023  (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced the estimated annual distributions of income and capital gains for its open-end exchange-traded funds and closed-end funds (the “Funds”) for the 2023 tax year. The estimated distributions represent estimated income and capital gains realized by the Funds during the year.

Please note that these are estimated amounts only, as of November 29, 2023. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2023 or December 31, 2023, as applicable.

Estimated Annual Capital Gain Distributions

Details of the per unit estimated distribution amounts are as follows:

Closed-End Funds

Big Banc Split Corp.Ticker
 SymbolExchangeEstimated Annual 
Capital Gains 
Distribution Per
 ShareDistribution Type
(Cash or Notional)Big Banc Split Corp – Class A SharesBNKTSX$0.3100Cash Distribution

Purpose expects to announce the final 2023 annual capital gain distributions for Big Banc Split Corp. on or about January 23, 2024, if necessary. No capital gain distribution on Big Banc Split Corp – Preferred Shares (TSX: BNK.PR.A) is expected.

Purpose Mutual Fund Trusts

Fund NameTicker 
SymbolExchangeEstimated Annual
 Capital Gains
 Distribution Per
 UnitDistribution Type
(Cash or Notional)Purpose Ether Yield ETF – ETF UnitsETHYTSX$0.0725Cash DistributionPurpose Ether Yield ETF – ETF Non-Currency Hedged UnitsETHY.BTSX$0.0900Cash DistributionPurpose Ether Yield ETF – ETF Non-Currency Hedged USD UnitsETHY.UTSXUSD $ 0.0700Cash DistributionApple (AAPL) Yield Shares Purpose ETF – 
ETF UnitsAPLYCboe Canada$1.4900Notional DistributionAmazon (AMZN) Yield Shares Purpose ETF – ETF UnitsYAMZCboe Canada$3.6800Notional DistributionTesla (TSLA) Yield Shares Purpose ETF – 
ETF UnitsYTSLCboe Canada$3.9300Notional DistributionBerkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF UnitsBRKYCboe Canada$2.2600Notional DistributionAlphabet (GOOGL) Yield Shares Purpose ETF – ETF UnitsYGOGCboe Canada$4.7500Notional Distribution

Estimated Annual Distributions of Income

Purpose Mutual Fund TrustsTicker 
Symbol Exchange Estimated Annual 
Income 
Distribution
 Per UnitDistribution Type
(Cash or Notional)Purpose Global Bond Fund – ETF UnitsBNDTSX$0.1100Cash DistributionPurpose Global Flexible Credit Fund – ETF UnitsFLXTSX$0.0770Cash DistributionPurpose Global Flexible Credit Fund – ETF Non-Currency Hedged UnitsFLX.BTSX$0.0900Cash DistributionPurpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD UnitsFLX.UTSXUSD $ 0.0635Cash DistributionPurpose Energy Transition Fund – ETF UnitsCLMTTSX$0.1500Cash Distribution

Purpose expects to announce the final year-end distribution amounts for Purpose Mutual Fund Trusts with December 15, 2023, tax year-end on or about December 20, 2023. The respective unitholders of record on December 29, 2023, will receive the 2023 annual distributions on January 5, 2024. The ex-dividend date for the 2023 annual distributions for these ETFs (Purpose Mutual Fund Trusts) will be December 28, 2023.

Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund – ETF Units, Purpose US Cash Fund – ETF Units, Purpose Cash Management Fund – ETF Units, Purpose USD Cash Management Fund – ETF Units, and Black Diamond Impact Core Equity Fund – ETF Units on or about December 29, 2023, 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 23, 2024, if necessary.

Purpose confirms that as of November 29, 2023, the following Funds are not expected to have annual capital gains distributions for the 2023 tax year:

Open-End Funds
Purpose Fund Corp. Funds:

Purpose Total Return Bond FundPurpose Core Dividend FundPurpose Tactical Hedged Equity FundPurpose Tactical Hedged Equity Fund – Non-Currency HedgedPurpose Premium Money Market FundPurpose Real Estate Income FundPurpose Best Ideas FundPurpose Best Ideas Fund – Non-Currency HedgedPurpose Monthly Income FundPurpose Premium Yield FundPurpose Premium Yield Fund – Non-Currency HedgedPurpose Conservative Income FundPurpose Diversified Real Asset FundPurpose International Tactical Hedged Equity FundPurpose Enhanced Dividend FundPurpose Canadian Financial Income FundPurpose Canadian Income Growth FundPurpose Canadian Equity Growth FundPurpose Core Equity Income FundPurpose Tactical Asset Allocation FundPurpose Tactical Thematic FundPurpose Structured Equity Yield Plus Fund

Purpose Mutual Funds Limited Funds:

Purpose Global Innovators FundPurpose Global Bond ClassPurpose Enhanced Premium Yield FundPurpose Global Resource FundPurpose Special Opportunities FundPurpose Structured Equity Yield FundPurpose Structured Equity Growth Fund

Purpose Mutual Fund Trusts:

Purpose Bitcoin ETFPurpose Bitcoin Yield ETFPurpose Ether ETFPurpose High Interest Savings FundPurpose US Cash FundPurpose Cash Management FundPurpose USD Cash Management FundPurpose International Dividend FundPurpose Emerging Markets Dividend FundPurpose Multi-Strategy Market Neutral FundPurpose Gold Bullion FundPurpose Silver Bullion FundPurpose Credit Opportunities FundPurpose Canadian Preferred Share FundPurpose US Preferred Share FundPurpose US Preferred Share Fund- Non-Currency HedgedPurpose Strategic Yield FundPurpose Multi-Asset Income FundPurpose Marijuana Opportunities FundBlack Diamond Global Enhanced Income FundBlack Diamond Global Equity FundBlack Diamond Impact Core Equity FundLongevity Pension FundPurpose Active Conservative FundPurpose Active Balanced FundPurpose Active Growth Fund

Please note that these are estimated amounts only, as of November 29, 2023. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2023 or December 31, 2023, as applicable.

About Purpose Investments

Purpose Investments is an asset management company with more than $18 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:
Keera Hart
[email protected]
905-580-1257

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.