Purpose Investments Inc. Announces 2024 Final Annual Income and Capital Gains Distributions For Purpose Mutual Fund Trusts with December 15, 2024 Tax Year-End
21 December 2024 - 10:00AM
Purpose Investments Inc. (“Purpose”) today announced the final
annual distributions of income and capital gains for its open-end
exchange-traded funds structured as mutual fund trusts (the
“Funds”) with a December 15, 2024 tax year-end. The distributions
represent income earned and capital gains realized by the Funds
during the year.
Details of the per unit distribution amounts are as follows:
Final Annual Distributions of Income
Purpose Mutual Fund Trusts |
Ticker Symbol |
Exchange |
Final Annual Income Distribution Per Unit |
NAV per Unit as ofDec 19, 2024 |
Final Distribution (% of Dec 19, 2024 NAV) |
Distribution Type(Cash or
Notional) |
Purpose Global Flexible Credit Fund – ETF Units |
FLX |
TSX |
$ 0.1800 |
$ 7.37 |
2.44 |
% |
Cash |
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged
Units |
FLX.B |
TSX |
$ 0.2250 |
$ 9.19 |
2.45 |
% |
Cash |
Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD
Units |
FLX.U |
TSX |
US $ 0.1500 |
US $ 6.16 |
2.44 |
% |
Cash |
ETF Series unitholders of record at the close of business on
December 31, 2024 will receive the 2024 annual income distributions
on January 7, 2025. The ex-distribution date for the 2024 annual
income distributions will be December 31, 2024. Purpose expects to
announce the final year-end notional distribution of income for
Purpose Specialty Lending Trust on or about January 24, 2025, if
necessary.
Final Annual Capital Gains – Notional
Distributions
Purpose Mutual Fund Trusts |
Ticker Symbol |
Exchange |
Final Annual Capital Gain Distribution Per
Unit |
NAV per Unit as of Dec 19, 2024 |
Final Distribution (% of Dec 19, 2024 NAV) |
Distribution Type(Cash or
Notional) |
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units |
BRKY |
Cboe Canada |
$ 0.5200 |
$ 26.44 |
1.97 |
% |
Notional |
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units |
YGOG |
Cboe Canada |
$ 0.3050 |
$ 36.22 |
0.84 |
% |
Notional |
Purpose Bitcoin Yield ETF – ETF Units |
BTCY |
TSX |
$ 0.7150 |
$ 8.72 |
8.20 |
% |
Notional |
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units |
BTCY.B |
TSX |
$ 0.8800 |
$ 10.69 |
8.23 |
% |
Notional |
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged USD Units |
BTCY.U |
TSX |
US $ 0.6950 |
US $ 8.47 |
8.20 |
% |
Notional |
Purpose Ether Yield ETF – ETF Units |
ETHY |
TSX |
$ 0.3730 |
$ 3.92 |
9.51 |
% |
Notional |
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units |
ETHY.B |
TSX |
$ 0.4950 |
$ 5.21 |
9.49 |
% |
Notional |
Purpose Ether Yield ETF – ETF Non-Currency Hedged USD Units |
ETHY.U |
TSX |
US $ 0.3650 |
US $ 3.84 |
9.50 |
% |
Notional |
The annual capital gains distributions for the funds listed in
table above will be paid as notional distributions. With a notional
distribution, the units issued from the distribution are
immediately consolidated with the units held prior to the
distribution. The number of units held after the distribution is
therefore identical to the number of units held before the
distribution.
Purpose confirms that the notional capital gain distributions
will be applied to ETF holders of record as at the close of
business on December 23, 2024. The ex-distribution
date for the notional capital gain distributions will be December
23, 2024.
Final Annual Capital Gains – Cash
Distributions
Purpose Mutual Fund Trusts |
Ticker Symbol |
Exchange |
Final Annual Capital Gain Distribution Per
Unit |
NAV per Unit as of Dec 19, 2024 |
Final Distribution (% of Dec 19, 2024 NAV) |
Distribution Type(Cash or
Notional) |
Purpose Active Balanced Fund – ETF Units |
PABF |
TSX |
$ 0.5800 |
$ 23.47 |
2.47 |
% |
Cash |
Purpose Active Conservative Fund – ETF Units |
PACF |
TSX |
$ 0.2900 |
$ 22.94 |
1.26 |
% |
Cash |
Purpose Active Growth Fund – ETF Units |
PAGF |
TSX |
$ 0.3750 |
$ 24.48 |
1.53 |
% |
Cash |
The respective unitholders of record on December 31, 2024 for
the funds listed in the table above will receive the 2024 annual
cash distributions on January 7, 2025. The ex-dividend date for the
2024 annual distributions for these ETFs (Purpose Active Balanced
Fund – ETF Units, Purpose Active Growth Fund – ETF Units, and
Purpose Active Conservative Fund – ETF Units) will be December 31,
2024.
The actual breakdown of taxable amounts of reinvested and cash
distributions for 2024 tax year, including tax factor allocations,
will be reported to the brokers through CDS Clearing and Depository
Services Inc. in early 2025.
As an update to the press release issued on November 27, 2024,
Purpose confirms that Apple (AAPL) Yield Shares Purpose ETF, Amazon
(AMZN) Yield Shares Purpose ETF, NVIDIA (NVDA) Yield Shares Purpose
ETF, and Microsoft (MSFT) Yield Shares Purpose ETF will not declare
a special annual distribution in 2024.
Purpose expects to announce the final year-end distributions for
Purpose High Interest Savings Fund – ETF Units, Purpose US Cash
Fund – ETF Units, Purpose Cash Management Fund – ETF Units, and
Purpose USD Cash Management Fund – ETF Units on or about December
31, 2024, if necessary.
Purpose expects to announce the final annual capital gain
distributions for Purpose Fund Corp. and Big Banc Split Corp. on or
about January 24, 2025, if necessary. Shareholders of record on
January 30, 2025 will receive the annual capital gains
distributions on February 5, 2025, and such capital gains will be
applicable for the 2025 tax year. The final year-end capital gains
distributions for these funds will be paid in cash. Purpose
confirms that Purpose Mutual Funds Limited funds will not declare
annual capital gain distributions for the 2024 tax year.
About Purpose Investments
Purpose Investments is an asset management company with more
than $21 billion 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
HartKeera.Hart@kaiserpartners.com905-580-1257
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.
This press release is 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 for dissemination in
the United States or for distribution to US news wire services.
Purpose Global Flexible ... (TSX:FLX)
Historical Stock Chart
From Nov 2024 to Dec 2024
Purpose Global Flexible ... (TSX:FLX)
Historical Stock Chart
From Dec 2023 to Dec 2024