TORONTO, ON--(Marketwired - December 06, 2016) - The board of directors of NexC Partners Corp. (the "Company" or "NexC") (
"We are extremely proud of NexC and what it has provided to investors since its inception in February 2013. The launch of this fund represented something very special to us, the beginning of something impactful to our industry and more importantly the launch of Purpose Investments," said Som Seif, President & CEO of Purpose Investments. "Since inception, the fund has provided a total return of 54.78%, or 12.24% per annum on NAV and the holding of Purpose has increased from zero at inception to represent $0.92 per share or 7.60% of the NAV."
The dividends are designated as "eligible" Canadian dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. Shareholders are reminded that the Company offers a dividend reinvestment plan ("DRIP") which provides shareholders with the ability to automatically reinvest their dividends and realize the benefits of compound growth of their investment. Shareholders can enroll in the DRIP plan by contacting their investment advisor.
About Purpose Investments
Purpose Investments Inc. is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $2.5 billion in assets under management and currently offers 33 exchange traded funds and mutual funds and five closed-end funds across multiple asset classes and with both traditional and alternative investment strategies.
Purpose is the manager of NexC Partners Corp. (
Contact Information:
For more information please contact:
Dan Rubin
Vice President, Marketing
Purpose Investments Inc.
416-583-3853
danr@purposeinvest.com