Yahoo Finance Purpose Investments Inc. Announces 2020 Estimated Annual Capital Gains Distributions
TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced the estimated annual capital gains distributions for its open-end exchange-traded funds, mutual funds and closed-end funds (“Funds”) for the 2020 tax year end. The estimated distributions represent estimated capital gains realized by the Funds during the year.
Details of the per unit distribution amounts are as follows:
Purpose Mutual Fund Trusts | Ticker Symbol / | Estimated Annual Capital | |
Purpose Gold Bullion Fund – ETF Series | KILO | $ 0.4100 | |
Purpose Gold Bullion Fund – ETF Non-Currency Hedged Series | KILO.B | $ 0.3600 | |
Purpose Gold Bullion Fund – ETF Non-Currency Hedged USD Series | KILO.U | $ 0.4900 | |
The estimated annual capital gain distribution for Purpose Gold Bullion Fund will be paid in cash. ETF unitholders of record on December 29, 2020 will receive the capital gain distributions on January 8, 2021. The ex-distribution date will be December 24, 2020.
Purpose confirms that the following Funds are not expected to have annual capital gains distributions for the 2020 tax year:
Open-End Funds
Purpose Fund Corp. Funds:
Purpose Core Dividend Fund
Purpose Tactical Hedged Equity Fund
Purpose Total Return Bond Fund
Purpose Real Estate Income Fund
Purpose Monthly Income Fund
Purpose Premium Yield Fund
Purpose Premium Money Market Fund
Purpose Canadian Financial Income Fund
Purpose Conservative Income Fund
Purpose Best Ideas Fund
Purpose Diversified Real Asset Fund
Purpose International Tactical Hedged Equity Fund
Purpose Enhanced Dividend Fund
Purpose Behavioural Opportunities Fund
Purpose Core Equity Income Fund
Purpose Tactical Asset Allocation Fund
Purpose Canadian Equity Growth Fund
Purpose Canadian Income Growth Fund
Purpose Mutual Funds Limited Funds:
Purpose Global Innovators Fund
Purpose Global Bond Class
Purpose Enhanced Premium Yield Fund
Purpose Global Resource Fund
Purpose Special Opportunities Fund
Purpose Structured Equity Yield Portfolio
Purpose Structured Equity Yield Portfolio 2
Purpose Structured Equity Growth Fund
Purpose Mutual Fund Trusts
Purpose International Dividend Fund
Purpose US Dividend Fund
Purpose Global Bond Fund
Purpose High Interest Savings ETF
Purpose US Cash Fund
Purpose Money Market Fund
Purpose Multi-Strategy Market Neutral Fund
Purpose Silver Bullion Fund
Purpose Floating Rate Income Fund
Purpose Canadian Preferred Share Fund
Purpose Emerging Markets Dividend Fund
Purpose US Preferred Share Fund
Purpose Strategic Yield Fund
Purpose Multi-Asset Income Fund
Purpose Marijuana Opportunities Fund
Purpose Credit Opportunities Fund
Closed-End Funds:
Investment Grade Managed Duration Income Fund
Canadian Investment Grade Preferred Share Fund
June 2021 Investment Grade Bond Pool
US Banks Income & Growth Fund
Big Banc Split Corp.
OM Funds:
Purpose Specialty Lending Trust
Please note that these are estimated amounts only, as of November 30, 2020. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2020 or December 31, 2020, as applicable.
Purpose expects to announce the final monthly, quarterly and annual cash distributions on all Funds on or about December 15, 2020. Purpose expects to announce the final annual capital gains distribution amounts on all Funds on or about December 17, 2020 except for Purpose High Interest Savings ETF and Purpose US Cash Fund, which will be announced on or about December 31, 2020.
For Purpose Fund Corp., Purpose Mutual Funds Limited., and Big Banc Split Corp., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 29, 2021, if necessary. As of November 30, 2020, the mutual fund corporations have no expected annual capital gains distributions.
About Purpose Investments
Purpose Investments is an asset management company with more than $10 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:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com
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.
