Purpose Investments Inc. Announces May 2024 Distributions
18 Mai 2024 - 12:30AM
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 |
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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.
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