Connect with us

Hi, what are you looking for?

Purpose Investments Inc. Announces May Distributions

TORONTO, May 18, 2021 (GLOBE NEWSWIRE) — Purpose Investments Inc. is pleased to announce the following distributions for the month of May 2021. The ex-distribution date for all ETFs is May 26, 2021, with the exception of Purpose High Interest Savings ETF and Purpose US Cash Fund, which have an ex-distribution date of May 28, 2021. The ex-distribution date for all closed-end funds is May 28, 2021.

Open-End Funds Ticker
Symbol
Distribution per share/unit Record
Date
Payable
Date
Distribution
Frequency
Purpose Core Dividend Fund – ETF Series PDF $0.08501 05/27/2021 06/07/2021 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $0.05221 05/27/2021 06/07/2021 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $0.05201 05/27/2021 06/07/2021 Monthly
Purpose Real Estate Income Fund – ETF Series PHR $0.07201 05/27/2021 06/07/2021 Monthly
Purpose Monthly Income Fund – ETF Series PIN $0.08301 05/27/2021 06/07/2021 Monthly
Purpose Premium Yield Fund – ETF Series PYF $0.08301 05/27/2021 06/07/2021 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.08851 05/27/2021 06/07/2021 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.08851 05/27/2021 06/07/2021 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $0.08501 05/27/2021 06/07/2021 Monthly
Purpose Conservative Income Fund – ETF Series PRP $0.05401 05/27/2021 06/07/2021 Monthly
Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.11811 05/27/2021 06/07/2021 Monthly
Purpose International Dividend Fund – ETF Units PID $0.0780 05/27/2021 06/07/2021 Monthly
Purpose US Dividend Fund – ETF Units PUD $0.0650 05/27/2021 06/07/2021 Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $0.0760 05/27/2021 06/07/2021 Monthly
Purpose Global Bond Fund – ETF Units BND $0.0585 05/27/2021 06/07/2021 Monthly
Purpose High Interest Savings ETF PSA $0.0243 05/28/2021 06/07/2021 Monthly
Purpose US Cash Fund – ETF Units PSU.U US$ 0.0207 05/28/2021 06/07/2021 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 05/27/2021 06/07/2021 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 05/27/2021 06/07/2021 Monthly
Purpose Global Bond Class – ETF Units IGB $0.06021 05/27/2021 06/07/2021 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 05/27/2021 06/07/2021 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $0.06501 05/27/2021 06/07/2021 Monthly
Purpose US Preferred Share Fund – ETF Units RPU $0.0940 05/27/2021 06/07/2021 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 05/27/2021 06/07/2021 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0580 05/27/2021 06/07/2021 Monthly
Purpose Floating Rate Income Fund – ETF Units FLOT $0.0297 05/27/2021 06/07/2021 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged USD – ETF Units FLOT.U US$ 0.0375 05/27/2021 06/07/2021 Monthly
Purpose Floating Rate Income Fund – Non-Currency Hedged – ETF Units FLOT.B $0.0365 05/27/2021 06/07/2021 Monthly
Black Diamond Global Equity Fund – ETF Units BDEQ $0.0112 05/27/2021 06/07/2021 Monthly
Black Diamond Distressed Opportunities Fund – ETF Units BDOP $0.0075 05/27/2021 06/07/2021 Monthly
Purpose Global Climate Opportunities Fund – ETF Units CLMT $0.0100 05/27/2021 06/07/2021 Monthly
           
Closed-End Funds Ticker
Symbol
Distribution per share/unit Record
Date
Payable
Date
Distribution
Frequency
Investment Grade Managed Duration Income Fund – Class T PFU.UN $0.0417 05/31/2021 06/14/2021 Monthly
U.S. Banks Income & Growth Fund – Class T PUB.UN $0.0417 05/31/2021 06/14/2021 Monthly
Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $0.1146 05/31/2021 06/14/2021 Monthly
Big Banc Split Corp – Class A BNK $0.0662 05/31/2021 06/14/2021 Monthly
Big Banc Split Corp – Preferred Shares BNK.PR.A $0.0500 05/31/2021 06/14/2021 Monthly

(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 $11 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 Financial, an independent technology-driven financial services company.

For further information please contact:
Keera Hart
Keera.Hart@kaiserpartners.com
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. 

Written By

You may also like:

World

Calling for urgent action is the international medical humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF)

World

Immigration is a symptom of a much deeper worldwide problem.

Business

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas - Copyright AFP Mark FelixPointing to the still...

Business

A recent article in the Wall Street Journal infers that some workers might be falling out of the job market altogether.