TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) announced today that it has finalized the revenues and capital gains of its open-ended exchange-traded funds and closed-ended funds structured as mutuals. announced the annual distribution. A fund trust (“Fund”) with a tax due date of December 15, 2022. Distributions represent the income and realized capital gains the Fund earned during the year.
The annual income and capital gains distributions of the funds listed below are paid in cash. An ETF Series unitholder registered as of the close of business on December 30, 2022 will receive his 2022 annual distribution on January 5, 2023.
The breakdown of distribution per unit is as follows.
final annual distribution of income
|
Purpose Mutual Fund Trust |
ticker |
Exchange |
Final annual income |
|
|
Purpose Crypto Opportunity ETF – ETF Units |
clip |
TSX |
$0.1500 |
|
|
Purpose Crypto Opportunity ETF – ETF Non-Currency Hedging Unit |
CRYP.B |
TSX |
$0.1500 |
|
|
Purpose Crypto Opportunity ETF – ETF Non-Currency Hedging USD |
CRYP.U |
TSX |
0.1500 USD |
|
Final Annual Capital Gains Distribution
|
Purpose Mutual Fund Trust |
ticker |
Exchange |
Final annual capital gain |
|
|
Purpose Global Climate Opportunities Fund – ETF Units |
CLMT |
TSX |
$0.0350 |
|
Purpose will make the final year-end distributions of the 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, as appropriate. will be announced.
Purpose plans to announce final annual capital gains distributions for Purpose Fund Corporation and Big Bank Split Corporation on or about January 20, 2023, if appropriate. A shareholder of record on January 27, 2023 will receive an annual capital gains distribution on February 1, 2023 and such capital gains will apply to his 2022 tax year. The final year-end capital gains distribution of these funds will be paid in cash. Purpose confirms that the Funds of Purpose Mutual Fund Limited will not declare annual capital gains distributions for 2022.
Purpose investment
Purpose Investments is an asset management firm with more than $14 billion under management. With a relentless focus on client-centric innovation, Purpose Investments offers a range of managed and quantitative investment products. Purpose Investments is a division of Purpose Unlimited, a technology-driven independent financial services company led by renowned entrepreneur Som Seif.
For more information, please contact:
Kera Hart
Keera.Hart@kaiserpartners.com
905-580-1257
Fees, tracking fees, administration fees, and expenses may all be associated with investing in investment funds. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canadian Deposit Insurance Corporation or any other governmental deposit insurance company. There is no guarantee that the amount invested in the Fund will be returned in full. When securities are bought or sold on a stock exchange, you can pay more or receive less than their 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 informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities referred to herein. This press release is not intended for distribution within the United States or for delivery to any US newswire service.
