TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today a revision to the September 2022 distribution for Purpose US Cash Fund (ETF ticker: PSU.U). The press release on September 20, 2022 reported a distribution of US $0.2091 per unit. However, due to changes in the US Federal Reserve interest rate policy announced on September 21, 2022, the distribution for PSU.U was revised to US $0.2258 per unit. The ex-distribution date, record date, and payable dates for the distribution remain unchanged.
The following table reflects the revised distribution per unit:
|Open-End Fund||Ticker Symbol||Distribution per unit||Record Date||Payable Date||Distribution Frequency|
|Purpose US Cash Fund – ETF Units||PSU.U||US$ 0.2258||09/29/2022||10/07/2022||Monthly|
About Purpose Investments Inc.
Purpose Investments is an asset management company with over $13 billion in assets 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.
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