-0.2 C
Sofia
Saturday, February 17, 2024

Purpose Investments Inc. Announces February 2024 Distributions

Author of the article:

Published Feb 16, 2024  •  5 minute read

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2024 for its open-end exchange traded funds and closed-end funds (“the Funds”).        

The ex-distribution date for all ETFs is February 26, 2024, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of February 27, 2024, as well as Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund which have an ex-distribution date of February 28, 2024. The ex-distribution date for all closed-end funds is February 28, 2024.

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

Sign In or Create an Account

or

Article content

Article content

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 02/27/2024 03/07/2024 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.1225¹ 02/27/2024 03/07/2024 Monthly
Purpose Global Bond Fund – ETF Units BND $0.0712 02/27/2024 03/07/2024 Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $0.1000 02/27/2024 03/07/2024 Monthly
Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0475 02/27/2024 03/07/2024 Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $0.0550 02/27/2024 03/07/2024 Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US $ 0.0450 02/27/2024 03/07/2024 Monthly
Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 02/27/2024 03/07/2024 Monthly
Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $ 0.0975 02/27/2024 03/07/2024 Monthly
Purpose Ether Yield – ETF Units ETHY $0.0330 02/27/2024 03/07/2024 Monthly
Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $0.0415 02/27/2024 03/07/2024 Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U $0.0320 02/27/2024 03/07/2024 Monthly
Purpose Global Flexible Credit Fund – ETF Units FLX $0.0355 02/27/2024 03/07/2024 Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units FLX.B $0.0421 02/27/2024 03/07/2024 Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units FLX.U US $ 0.0294 02/27/2024 03/07/2024 Monthly
Purpose Global Bond Class – ETF Units IGB $ 0.0729¹ 02/27/2024 03/07/2024 Monthly
Microsoft (MSFT) Yield Shares Purpose ETF – ETF Units MSFY $0.1000 02/27/2024 03/07/2024 Monthly
Purpose Enhanced Premium Yield Fund – ETF Series PAYF $ 0.1375¹ 02/27/2024 03/07/2024 Monthly
Purpose Total Return Bond Fund – ETF Series PBD $ 0.0590¹ 02/27/2024 03/07/2024 Monthly
Purpose Core Dividend Fund – ETF Series PDF $ 0.1050¹ 02/27/2024 03/07/2024 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.0950¹ 02/27/2024 03/07/2024 Monthly
Purpose Real Estate Income Fund – ETF Series PHR $ 0.0720¹ 02/27/2024 03/07/2024 Monthly
Purpose International Dividend Fund – ETF Series PID $0.0780 02/27/2024 03/07/2024 Monthly
Purpose Monthly Income Fund – ETF Series PIN $ 0.0830¹ 02/27/2024 03/07/2024 Monthly
Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 02/27/2024 03/07/2024 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.0600¹ 02/27/2024 03/07/2024 Monthly
Purpose Premium Yield Fund – ETF Units PYF $ 0.1100¹ 02/27/2024 03/07/2024 Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $ 0.1230¹ 02/27/2024 03/07/2024 Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.1200¹ 02/27/2024 03/07/2024 Monthly
Purpose Core Equity Income Fund – ETF Series RDE $ 0.0800¹ 02/27/2024 03/07/2024 Monthly
Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 02/27/2024 03/07/2024 Monthly
Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 02/27/2024 03/07/2024 Monthly
Purpose US Preferred Share Fund – ETF Series RPU $0.0940 02/27/2024 03/07/2024 Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 02/27/2024 03/07/2024 Monthly
Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 02/27/2024 03/07/2024 Monthly
Amazon (AMZN) Yield Shares Purpose ETF – ETF Units YAMZ $0.3000 02/27/2024 03/07/2024 Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units YGOG $0.2000 02/27/2024 03/07/2024 Monthly
NVIDIA (NVDA) Yield Shares Purpose ETF Purpose ETF – ETF Units YNVD $0.2000 02/27/2024 03/07/2024 Monthly
Tesla (TSLA) Yield Shares Purpose ETF – ETF Units YTSL $0.4000 02/27/2024 03/07/2024 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 02/29/2024 03/14/2024 Monthly
Big Banc Split Corp – Preferred Shares BNK.PR.A $0.07001 02/29/2024 03/14/2024 Monthly

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Article content


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

The February 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 $ 0.4397 02/28/2024 03/07/2024 Monthly
Purpose Cash Management Fund – ETF Units MNY $0.4065 02/28/2024 03/07/2024 Monthly
Purpose High Interest Savings Fund – ETF Units PSA $0.1946 02/28/2024 03/07/2024 Monthly
Purpose US Cash Fund – ETF Units PSU.U US $ 0.4106 02/28/2024 03/07/2024 Monthly

Purpose expects to issue a press release on or about February 27, 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 February 28, 2024.

Article content

(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 Hart
[email protected]
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.

Article content

Kaylie Pferten
Kaylie Pferten
A pilot of submersible crafts in a former life, now married to my husband David and writing about investment advice.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles