TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced changes to the risk rating of six of its funds effective immediately.
| Fund | Current | New |
| Purpose Core Dividend Fund (TSX: PDF) | Medium | Low to Medium |
| Purpose Tactical Hedged Equity Fund (Non-Currency Hedged) (TSX: PHE.B) | Medium | Low to Medium |
| Purpose Monthly Income Fund (TSX: PIN) | Low to Medium | Low |
| Purpose Multi-Asset Income Fund (TSX: PINC) | Medium | Low |
| Purpose Canadian Income Growth Fund | Medium | Low to Medium |
| Purpose Strategic Yield Fund (TSX: SYLD) | Medium | Low to Medium |
Purpose also confirmed that the risk rating for Purpose Global Resource Fund is “high”.
Please consult your advisor and read the simplified prospectus, fund facts or ETF facts of the applicable fund before investing.
About Purpose Investments Inc.
Purpose Investments is an asset management company with more than $6.5-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 Financial, an independent technology-driven financial services company.
For further information, please contact:
Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com
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.