APLY Tidal ETF Trust II YieldMax AAPL Option Income Strategy

Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of May 2024 for its open-end exchange traded funds and closed-end funds (“the Funds”).

Commencing in May 2024, as North American capital markets transition to T+1 settlement cycle, the distribution ex-dividend dates have been updated to fall on the same day as the distribution record dates for the ETF series of Open-End Purpose Funds. Further, the timeline for distribution payments for ETF series of Open-End Purpose Funds has been shortened and will be processed four business days after the corresponding distribution record date. The industry-wide transition to T+1 settlement cycle is expected to reduce counterparty risk and increase overall market efficiency.

Purpose Emerging Markets Dividend Fund, Purpose International Dividend Fund, Purpose International Tactical Hedged Equity Fund, as well as Purpose Closed-End Funds will continue their existing T+2 settlement cycle, and the distribution ex-dividend date will remain unchanged for these funds.         The ex-distribution date for all Open-End Funds is May 29, 2024, with the exception of Purpose Emerging Markets Dividend Fund and Purpose International Dividend Fund, which will have an ex-distribution date of May 28, 2024. The ex-distribution date for all Closed-End Funds is May 30, 2024.

Open-End Funds	Ticker Symbol	Distribution per share/unit		Record Date	Payable Date	Distribution Frequency
Apple (AAPL) Yield Shares Purpose ETF - ETF Units	APLY	$ 0.1667		05/29/2024	06/04/2024	Monthly
Purpose Canadian Financial Income Fund - ETF Series	BNC	$ 0.1225¹		05/29/2024	06/04/2024	Monthly
Purpose Global Bond Fund - ETF Units	BND	$ 0.0712		05/29/2024	06/04/2024	Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF - ETF Units	BRKY	$ 0.1000		05/29/2024	06/04/2024	Monthly
Purpose Bitcoin Yield ETF - ETF Units	BTCY	$ 0.0525		05/29/2024	06/04/2024	Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units	BTCY.B	$ 0.0605		05/29/2024	06/04/2024	Monthly
Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units	BTCY.U	US $ 0.0510		05/29/2024	06/04/2024	Monthly
Purpose Credit Opportunities Fund - ETF Units	CROP	$ 0.0875		05/29/2024	06/04/2024	Monthly
Purpose Credit Opportunities Fund - ETF USD Units	CROP.U	US $ 0.0975		05/29/2024	06/04/2024	Monthly
Purpose Ether Yield - ETF Units	ETHY	$ 0.0380		05/29/2024	06/04/2024	Monthly
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units	ETHY.B	$ 0.0470		05/29/2024	06/04/2024	Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units	ETHY.U	US $ 0.0370		05/29/2024	06/04/2024	Monthly
Purpose Global Flexible Credit Fund - ETF Units	FLX	$ 0.0355		05/29/2024	06/04/2024	Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units	FLX.B	$ 0.0421		05/29/2024	06/04/2024	Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units	FLX.U	US $ 0.0294		05/29/2024	06/04/2024	Monthly
Purpose Global Bond Class - ETF Units	IGB	$ 0.0729¹		05/29/2024	06/04/2024	Monthly
Microsoft (MSFT) Yield Shares Purpose ETF - ETF units	MSFY	$ 0.1000		05/29/2024	06/04/2024	Monthly
Purpose Enhanced Premium Yield Fund - ETF Series	PAYF	$ 0.1375¹		05/29/2024	06/04/2024	Monthly
Purpose Total Return Bond Fund - ETF Series	PBD	$ 0.0590¹		05/29/2024	06/04/2024	Monthly
Purpose Core Dividend Fund - ETF Series	PDF	$ 0.1050¹		05/29/2024	06/04/2024	Monthly
Purpose Enhanced Dividend Fund - ETF Series	PDIV	$ 0.0950¹		05/29/2024	06/04/2024	Monthly
Purpose Real Estate Income Fund - ETF Series	PHR	$ 0.0720¹		05/29/2024	06/04/2024	Monthly
Purpose International Dividend Fund - ETF Series	PID	$ 0.0780		05/29/2024	06/04/2024	Monthly
Purpose Monthly Income Fund - ETF Series	PIN	$ 0.0830¹		05/29/2024	06/04/2024	Monthly
Purpose Multi-Asset Income Fund - ETF Units	PINC	$ 0.0840		05/29/2024	06/04/2024	Monthly
Purpose Conservative Income Fund - ETF Series	PRP	$ 0.0600¹		05/29/2024	06/04/2024	Monthly
Purpose Premium Yield Fund - ETF Units	PYF	$ 0.1100¹		05/29/2024	06/04/2024	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series	PYF.B	$ 0.1230¹		05/29/2024	06/04/2024	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series	PYF.U	US $ 0.1200¹		05/29/2024	06/04/2024	Monthly
Purpose Core Equity Income Fund - ETF Series	RDE	$ 0.0875¹		05/29/2024	06/04/2024	Monthly
Purpose Emerging Markets Dividend Fund - ETF Units	REM	$ 0.0950		05/29/2024	06/04/2024	Monthly
Purpose Canadian Preferred Share Fund - ETF Units	RPS	$ 0.0950		05/29/2024	06/04/2024	Monthly
Purpose US Preferred Share Fund - ETF Series	RPU	$ 0.0940		05/29/2024	06/04/2024	Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units²	RPU.B / RPU.U	$ 0.0940		05/29/2024	06/04/2024	Monthly
Purpose Strategic Yield Fund - ETF Units	SYLD	$ 0.0970		05/29/2024	06/04/2024	Monthly
Amazon (AMZN) Yield Shares Purpose ETF- ETF Units	YAMZ	$ 0.3000		05/29/2024	06/04/2024	Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF - ETF Units	YGOG	$ 0.2000		05/29/2024	06/04/2024	Monthly
NVIDIA (NVDA) Yield Shares Purpose ETF - ETF Units	YNVD	$ 0.4000		05/29/2024	06/04/2024	Monthly
Tesla (TSLA) Yield Shares Purpose ETF - ETF Units	YTSL	$ 0.3000		05/29/2024	06/04/2024	Monthly
Closed-End Funds	Ticker Symbol	Distribution per share/unit		Record Date	Payable Date	Distribution Frequency
Big Banc Split Corp – Class A	BNK	$ 0.1200¹		05/31/2024	06/14/2024	Monthly
Big Banc Split Corp – Preferred Shares	BNK.PR.A	$ 0.0700¹		05/31/2024	06/14/2024	Monthly

Estimated May 2024 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

The May 2024 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

Fund Name	Ticker Symbol	Estimated Distribution per unit		Record Date	Payable Date	Distribution Frequency
Purpose USD Cash Management Fund – ETF Units	MNU.U	US $ 0.4886		05/29/2024	06/04/2024	Monthly
Purpose Cash Management Fund - ETF Units	MNY	$0.4540		05/29/2024	06/04/2024	Monthly
Purpose High Interest Savings Fund - ETF Units	PSA	$0.2214		05/29/2024	06/04/2024	Monthly
Purpose US Cash Fund - ETF Units	PSU.U	US $ 0.4687		05/29/2024	06/04/2024	Monthly

Purpose expects to issue a press release on or about May 28, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be May 29, 2024.

(1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.(2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

About Purpose Investments Inc.

Purpose Investments 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.

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.