TORONTO, May 24, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. today announced final distribution rates for May 2024 for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund and Purpose USD Cash Management Fund (the “Cash and Money Market ETFs”), updated ex-dividend dates for Purpose Emerging Markets Dividend Fund, Purpose International Dividend Fund and Big Banc Split Corp, and provided an update regarding the transition from a T+2 settlement cycle to a T+1 settlement cycle.
Final distribution rates for cash and money market ETFs in May 2024
The following table shows the final distribution amounts for the Cash and Money Market ETFs for May. The distributions are due on May 29, 2024.
| Open-Ended Funds | Ticker Symbol | Final distribution per unit | Recorded date | Date of payment | Delivery frequency |
| Purpose USD Cash Management Fund – ETF Units | MNU.U | 0.4886 USD | May 29, 2024 | June 4, 2024 | Monthly |
| Purpose Cash Management Fund – ETF Units | Manny | $0.4540 | May 29, 2024 | June 4, 2024 | Monthly |
| Purpose High Yield Savings Fund – ETF Units | public transport | $0.2214 | May 29, 2024 | June 4, 2024 | Monthly |
| Purpose US Cash Fund – ETF Units | PSU.U | 0.4687 USD | May 29, 2024 | June 4, 2024 | Monthly |
Ex-dividend dates updated for Purpose Emerging Markets Dividend Fund, Purpose International Dividend Fund and Big Banc Split Corp
A press release issued on May 17, 2024 reported that the ex-date for Purpose Emerging Markets Dividend Fund and Purpose International Dividend Fund is May 28, 2024, and for Big Banc Split Corp is May 30, 2024, with further notice to follow. The ex-dates for Purpose Emerging Markets Dividend Fund and Purpose International Dividend Fund have been updated to May 29, 2024. The ex-date for Big Banc Split Corp has been updated to May 31, 2024. The ex-dates for the four funds remain unchanged.
Update to T+1 Settlement Schedules for Purpose Emerging Markets Dividend Fund and Purpose International Dividend Fund
The firm said all its exchange-traded funds, including Purpose Emerging Markets Dividend Fund, Purpose International Dividend Fund and Purpose International Tactical Hedged Equity Fund, will implement T+1 settlement for ETF units in their respective markets starting May 27, 2024.
Purpose works closely with partners, clients and regulators to ensure a smooth and seamless transition process.
About Purpose Investments Inc.
Purpose Investments Inc. is an asset management firm with over $19 billion in assets under management. With a relentless focus on customer-centric innovation, Purpose Investments offers a range of managed and quantitative investment products. Purpose Investments is led by noted entrepreneur Som Seif and is a division of Purpose Unlimited, an independent, technology-driven financial services company.
For further information, please contact:
Keira Hart
KeiraHart@kaiserpartners.com
905-580-1257
Investing in an investment fund may be subject to all fees, subsequent charges, management fees and expenses. Read the prospectus and other disclosure documents before investing. Investment funds are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer. There is no guarantee that you will get back the full amount invested in a fund. When securities are bought 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 cannot be guaranteed.
