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TORONTO, Dec. 29, 2023 (Globe Newswire) — Purpose Investments, Inc. (“Purpose”) today announced the final annual capital gains distribution of its open-ended exchange-traded fund (the “Fund”) structured as a mutual fund. announced gold. The tax year end date is December 31, 2023. Distributions represent capital gains realized by the Fund during the year.
The breakdown of distribution per unit is as follows.
Final annual capital gain distribution
|
purpose investment trust |
ticker |
exchange |
final year |
Distribution type |
|
|
Purpose USD Cash Management Fund – ETF Units |
MNU.U |
TSX |
$0.8108 |
Notional principal distribution |
|
The Purpose USD Cash Management Fund’s annual capital gain distributions listed in the table above are paid as notional principal distributions. In a notional distribution, the units issued in the distribution are immediately consolidated with the units held prior to the distribution. Therefore, the number of units held after distribution will be the same as the number of units held before distribution.
Notional capital gain distributions will be available to ETF registrants as of the close of business on December 29, 2023. The ex-date for notional capital gain distributions will be December 29, 2023.
The actual breakdown of the taxable amount of reinvested distributions for 2023, including the allocation of tax components, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2024.
Purpose confirms that the Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Black Diamond Impact Core Equity Fund will not declare special distributions for the 2023 tax year.
About purposeful investment
Purpose Investments is an asset management company with more than $19 billion under management. With a relentless focus on customer-centric innovation, Purpose Investments offers a variety of managed and quantitative investment products. Purpose Investments is led by renowned entrepreneur Som Seif and is a division of his Purpose Unlimited, a technology-driven independent financial services company.
For more information, please contact us below.
keira hart
Keera.Hart@kaiserpartners.com
905-580-1257
Commissions, trailing charges, management fees and expenses may all be associated with investing in an investment fund. 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 insurance company. There is no guarantee that the amount invested in the Fund will be returned in full. When you buy or sell securities on a stock exchange, you may pay more or receive less than their current net asset value. Investment funds are not guaranteed, their value changes frequently, and past performance may not be repeated.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned herein. This press release is not intended for distribution within the United States or to any U.S. news wire services.
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