archivePurpose

New ETF offers direct exposure to a digital asset used by global financial institutions for cross-border payments TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose”), the firm behind the world's first spot Bitcoin ETF and Canada's largest digital asset ETF manager*, is expanding its digital asset suite with the launch of the Purpose XRP ETF, now trading on the TSX under the ticker XRPP. The ETF offers spot exposure to XRP - the native token of the XRP Ledger (XRPL), a decentralized blockchain designed to enable fast, low-cost...

TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the May 2025 distribution rate for Purpose Global Bond Fund - ETF Units. The May 2025 distribution for Purpose Global Bond Fund - ETF Units will be paid in June 2025. The following table reflects the final distribution amount for the May 2025 distribution for Purpose Global Bond Fund - ETF Units. Ex-distribution date for the May 2025 distribution is June 3, 2025.Open-End Fund Ticker SymbolFinal distributionper unitRecord DatePayable DateDistribution Get the latest news delivered to...

TORONTO, May 16, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose Investments”), as trustee and manager of Purpose Select Equity Fund (the "Fund”), today announced the appointment of PenderFund Capital Management Ltd. ("Pender”) as the new sub-advisor of the Fund. This change will take effect on or about May 20, 2025. The Fund will continue to be managed by the same portfolio manager, who has recently joined Pender. There will be no changes to the investment objectives or strategies of the Fund. Please consult your advisor and read the simplified...

Purpose Investments Inc. TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) announced today, after careful consideration, that it has decided to terminate Purpose Special Opportunities Fund (the “Fund”) no later than the end of 2025 (the “Termination Date”). Purpose is of the view that the termination of the Fund is in the best interest of its shareholders. The decision to close the Fund was driven by its relatively low assets under management, which were at $12.5 mm as of April 3, 2025. Currently, the Fund’s sole remaining...

Purpose Investments Inc. TORONTO, March 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the 2025 first-quarter distributions for Purpose Specialty Lending Trust.   TickerSymbol Distributionpershare/unit ExDistributionDate RecordDate PayableDate Purpose Specialty Lending Trust – Class A Unlisted $0.1215 03/31/2025 03/31/2025 04/22/2025 Purpose Specialty Lending Trust – Class F Unlisted $0.1255 03/31/2025 03/31/2025 04/22/2025 Purpose Specialty Lending Trust – Class U Unlisted US $0.1665 03/31/2025 03/31/2025 04/22/2025 Purpose Specialty Lending Trust – Class A1, Series 2 Unlisted $0.1405 03/31/2025 03/31/2025 04/22/2025 Purpose Specialty Lending Trust – Class F,...

TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose”) announced today that it has temporarily absorbed a portion of the management fees on Series F and Series A shares of Purpose Premium Money Market Fund (the "Fund”). Until Purpose confirms otherwise, the annual management fee payable by investors in Series F shares of the Fund will be 0.20%; the annual management fee for Series A shares will be 0.45%. There are no changes to the investment objective of the Fund. Current shareholders of the Fund are not required...