Purpose Investments Announces Termination of June 2021 Investment Grade Bond Pool
11 June 2021 - 6:16AM
Purpose Investments Inc. (“Purpose”) announced today that it will
terminate June 2021 Investment Grade Bond Pool (NEO Ticker: RBP.UN)
(the “Fund”) effective on or about June 30, 2021 (the “Effective
Date”). On the Effective Date, Purpose will redeem all of the
issued and outstanding Class T units and terminate the Fund, in
accordance with the terms of the Fund’s Declaration of Trust.
The termination of the Fund, which was designed to have a
defined lifespan, is occurring on schedule.
The Fund’s investments will be liquidated prior to the Effective
Date at market price.
It is anticipated that the Class T units of the Fund will be
voluntarily delisted from the NEO Exchange on or about June 28,
2021, at the market close. Securityholders will then receive a
distribution of their proportionate share of the remaining assets
of the Fund class on or about July 5, 2021.
As stated above, the Effective Date of the termination is
expected to be on or about June 30, 2021. If you still hold a
position in the Fund at 4:00 pm EST on the Effective Date, your
position will be liquidated, with the proceeds either deposited
into your account or a cheque mailed directly to you or to your
dealer, nominee or intermediary, depending on your account
registration. If you hold units of the Fund, there may be tax
implications to any disposition of your holdings. We strongly urge
you to contact your financial advisor to discuss the financial and
tax implications associated with a redemption of units and the
termination of the Fund in your particular circumstances.
About Purpose Investments
Inc.
Purpose is an asset management company with more
than $11 billion in assets under management. Purpose has an
unrelenting focus on client-centric innovation, offering a range of
managed and quantitative investment products. Purpose is led by
well-known entrepreneur Som Seif and is a division of Purpose
Financial, an independent, technology-driven financial services
platform which is reshaping the industry by connecting and creating
opportunities across asset management, wealth management and small
business financial services.
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.
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