Assets Under Management AUM

Purpose Global Bond Class ETF Surpasses $ 225 Million in Assets Under Management

TORONTO, May 26, 2021 (GLOBE NEWSWIRE) – Purpose Investments Inc. (“Purpose”) is pleased to announce that the Purpose Global Bond Class ETF (“IGB” or the “ETF”) has exceeded CAD 225 million in assets Under As of May 25, 2021, the ETF had CAD 229.6 million under management.

IGB seeks to provide shareholders with exposure to a diversified portfolio of corporate, government and other bonds, as well as debt or debt-like securities, of quality North American and / or international issuers. investment grade and non-investment grade.

As stated in the IGB prospectus, if the ETF experiences a significant increase in its net asset value, Purpose may, at its sole discretion, if it deems it in the best interests of the shareholders, to suspend the subscriptions of additional shares. if deemed necessary. or desirable in order for the ETF to achieve or continue to achieve its investment objectives.

“The Purpose Global Bond Class ETF has proven its worth over its lifetime, and we’re excited to be able to step back at this point to reflect on its success,” said Greg Taylor, Chief Investment Officer of Purpose Investments .

In light of the ETF’s healthy growth, Purpose has for the time being decided to suspend the subscription of new shares for IGB as the ETF’s assets exceed $ 250 million in order to allow the ETF to continue to meet its investment objectives. placement. Purpose may, in the future, decide to authorize subscriptions for additional ETF shares.

A suspension of subscriptions for ETF shares will not affect (a) the ability of shareholders to sell their ETF shares on the secondary market at a price reflecting the net asset value per ETF share or (b) buy back their mutual fund shares at the net asset value per share, under normal market conditions. However, during the period during which subscriptions are suspended, the IGB ETF shares may trade at a premium or a substantial premium to the net asset value per IGB ETF share.

Any subsequent suspension or resumption of subscription will be announced by press release and noted on the Purpose website.

For more information on IGB, please see the prospectus.

About Purpose Investments Inc.

Purpose is an asset management company with over $ 11 billion in assets under management. Purpose relentlessly focuses 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 that is reshaping the industry by connecting and creating opportunities in asset management, wealth management and financial services to small businesses.

For more information please contact:
Keera Hart
[email protected]

Commissions, trailing commissions, management fees and expenses can all be associated with investing in investment funds. Please read the prospectus and other information 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 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 may not be repeated.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Purpose cautions the reader not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. In general, but not always, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “plans” or “does not expect”, “is planned”, “budget”, “planned” , “Believes”, “foresees”, “intends”, “at the rate”, “anticipates” or “does not anticipate”, “believes” and similar expressions or state that certain actions, events or results “may “,” Could “,” would “,” should “,” could “or” will “be taken, occur or be achieved.

Forward-looking statements are based on information available to management at the time they are made, plans, estimates, assumptions, judgments and current expectations of management. Forward-looking information is subject to risks, uncertainties and other known and unknown factors which may cause Purpose’s actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such information. forward-looking information. These risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties. Although the forward-looking information contained in this press release is based on what Purpose believes are reasonable at the date of such statements, there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially. those provided for in this forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Purpose does not undertake to update or revise forward-looking information except in accordance with applicable securities laws.

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