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Posted on December 20, 2024 • 5 minute read
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TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced… (hereinafter referred to as the “Purpose”) will make final annual distributions of income and capital gains to its open-ended exchange-traded funds structured as mutual fund trusts (the “Funds”) with the tax year end of December 15, 2024. The distributions represent earned income and gains The capital achieved by the funds during the year.
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Details of the distribution amounts per unit are as follows:
Final annual income distributions
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| Purpose Mutual Funds Funds | Indicator symbol | exchange | Final annual income distribution for each unit | Net asset value per unit as of December 19, 2024 |
Final distribution (% of net asset value on December 19, 2024) | Distribution type (cash or credit) |
|
| Purpose Global Flexible Credit Fund – ETF units | Flex | TSX | $0.1800 | $7.37 | 2.44 | % | monetary |
| Purpose Global Flexible Credit Fund – Non-currency Hedged ETF Units | Flex.b | TSX | $0.2250 | $9.19 | 2.45 | % | monetary |
| Purpose Global Flexible Credit Fund – ETF units hedged in currencies not linked to the US currency | FLX.U.S | TSX | 0.1500 USD |
6.16 USD |
2.44 | % | monetary |
ETF Series unitholders registered at the close of business on December 31, 2024 will receive the 2024 annual income distribution on January 7, 2025. The ex-distribution date for the 2024 annual income distribution will be December 31, 2024. The final notional income distribution is expected to be announced at the end of the year. to the Specialized Lending Fund on or about January 24, 2025, if necessary.
Final annual capital gains – nominal distributions
| Purpose Mutual Funds Funds | Indicator symbol | exchange | The final distribution of annual capital gains per unit | Net asset value per unit as of December 19, 2024 | Final distribution (% of net asset value on December 19, 2024) | Distribution type (cash or credit) |
|
| Berkshire Hathaway (BRK) Stock Return Purpose ETFs – ETF units | QILLS | Qubo Canada | $0.5200 | $26.44 | 1.97 | % | theoretical |
| Alphabet (GOOGL) Stock Return Purpose ETF – ETF units |
YGOG | Qubo Canada | $0.3050 | $36.22 | 0.84 | % | theoretical |
| Purpose of Bitcoin Yield ETF – ETF Units | PTCY | TSX | $0.7150 | $8.72 | 8.20 | % | theoretical |
| Purpose of Bitcoin Yield ETF – Non-currency hedging ETF units | BTC YB | TSX | $0.8800 | $10.69 | 8.23 | % | theoretical |
| Purpose Bitcoin Yield ETFs – ETF units that are not hedged by US dollars | BTCY.U | TSX | 0.6950 USD |
8.47 USD |
8.20 | % | theoretical |
| Purpose Ether Yield ETF – ETF units | Ethi | TSX | $0.3730 | $3.92 | 9.51 | % | theoretical |
| Purpose ETF ETF – ETF units covered by no currency | Ethi.b | TSX | $0.4950 | $5.21 | 9.49 | % | theoretical |
| Purpose ETF ETF – ETF units not denominated in US dollars | ETHY.U | TSX | 0.3650 USD |
US$3.84 |
9.50 | % | theoretical |
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Annual capital gains distributions to the funds listed in the table above will be paid as nominal distributions. With a notional distribution, the units released from the distribution are immediately combined with the units held before the distribution. Therefore, the number of units held after the distribution is identical to the number of units held before the distribution.
The purpose confirms that notional capital gains distributions will apply to record holders of the ETFs as of the close of business December 23, 2024. The ex-distribution date for the hypothetical capital gain dividend will be December 23, 2024.
Final annual capital gains – cash dividends
| Purpose Mutual Funds Funds | Indicator symbol | exchange | The final distribution of annual capital gains per unit | Net asset value per unit as of December 19, 2024 | Final distribution (% of net asset value on December 19, 2024) | Distribution type (cash or credit) |
|
| Purpose Active Balanced Fund – ETF units | Babf | TSX | $0.5800 | $23.47 | 2.47 | % | monetary |
| Purpose Active Conservative Fund – ETF units | Bakf | TSX | $0.2900 | $22.94 | 1.26 | % | monetary |
| Purpose Active Growth Fund – ETF units | Puff | TSX | $0.3750 | $24.48 | 1.53 | % | monetary |
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Unitholders of record on December 31, 2024 of the funds listed in the table above will receive their 2024 annual cash distributions on January 7, 2025. Ex-dividend date for the 2024 annual distributions for these ETFs (Active Balanced Fund for Purpose) ETF Units, and Active Growth Fund Purpose Fund – ETF Units, and Active Purpose Portfolio Fund – ETF Units) will be on December 31, 2024.
Actual details of the taxable amounts of reinvested amounts and cash distributions for tax year 2024, including tax factor allowances, will be reported to broker-dealers through CDS Clearing and Depository Services Inc. In early 2025.
As an update to the November 27, 2024 press release, Purpose confirms that the Apple (AAPL) stock yield ETFs, the Amazon stock yield ETFs (AMZN), the NVIDIA stock yield ETFs (NVDA), and the… Microsoft (MSFT) Stock Dividend Purpose of Shares The ETF will not declare a special annual distribution in 2024.
Purpose expects to announce year-end dividends for its High Interest Savings Fund – ETF Units, Purpose U.S. Cash Management Fund – ETF Units, Purpose U.S. Cash Management Fund – ETF Units, and Purpose U.S. Dollar Cash Management Fund – ETF Units December 31 or around 2024 if necessary.
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Purpose expects to announce Purpose Fund Corp.’s final annual capital gains dividend. and Big Banc Split Corp. On or about January 24, 2025, if necessary. Shareholders of record on January 30, 2025 will receive annual capital gain distributions on February 5, 2025, and these capital gains will be applicable to the 2025 tax year. The final capital gain distributions for these funds will be paid in cash at the end of the year. Purpose confirms that Purpose Mutual Funds Limited will not declare annual capital gains distributions for the 2024 tax year.
About the purpose of investments
Purpose Investments is an asset management company with over $21 billion under management. Purpose Investments has a relentless focus on client-focused innovation, offering a range of managed and quantitative investment products. Purpose Investments is headed by well-known entrepreneur Som Seif, and is a division of Purpose Unlimited, an independent, technology-driven financial services company.
For more information please contact:
Keira Hart
Keera.Hart@kaiserpartners.com
905-580-1257
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Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus and other disclosure documents before investing. Mutual funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurance company. There can be no guarantee that the full amount of your investment in the Fund will be returned to you. If securities are bought or sold on an exchange, you may pay more or receive less than their current net asset value. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
This press release is intended 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 intended for publication in the United States or for distribution to U.S. news agencies.
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