Purpose Investments Inc. Announces May Distributions

TORONTO, ON--(Marketwired - May 19, 2017) - Purpose Investments Inc. is pleased to announce the following distributions for the month of May 2017. The ex-distribution date for all funds is May 29, 2017, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex-distribution date of May 31, 2017.

Open-End Funds		TSX Symbol		Distribution per share/unit		Record Date		Payable Date		Distribution Frequency
Purpose Core Dividend Fund - ETF Series		PDF		$ 0.08001		05/31/2017		06/07/2017		Monthly
Purpose Total Return Bond Fund - ETF Series		PBD		$ 0.07001		05/31/2017		06/07/2017		Monthly
Purpose Duration Hedged Real Estate Fund - ETF Series		PHR		$ 0.08001		05/31/2017		06/07/2017		Monthly
Purpose Monthly Income Fund - ETF Series		PIN		$ 0.08301		05/31/2017		06/07/2017		Monthly
Purpose Premium Yield Fund - ETF Series		PYF		$ 0.10001		05/31/2017		06/07/2017		Monthly
Purpose Canadian Financial Income Fund - ETF Series		BNC		$ 0.07501		05/31/2017		06/07/2017		Monthly
Purpose Conservative Income Fund - ETF Series		PRP		$ 0.04401		05/31/2017		06/07/2017		Monthly
Purpose International Dividend Fund - ETF Units		PID		$ 0.0560		05/31/2017		06/07/2017		Monthly
Purpose US Dividend Fund - ETF Units		PUD		$ 0.0510		05/31/2017		06/07/2017		Monthly
Purpose US Dividend Fund Non-Currency Hedged - ETF Units		PUD.B		$ 0.0597		05/31/2017		06/07/2017		Monthly
Purpose Tactical Investment Grade Bond Fund - ETF Units		BND		$ 0.0550		05/31/2017		06/07/2017		Monthly
Purpose High Interest Savings ETF		PSA		$ 0.0440		05/31/2017		06/07/2017		Monthly
Purpose US Cash ETF		PSU.U		US$ 0.0628		05/31/2017		06/07/2017		Monthly
Closed-End Funds		TSX Symbol		Distribution per share/unit		Record Date		Payable Date		Distribution Frequency
Energy Credit Opportunities Income Fund - Class A		PCF.UN		$ 0.0500		05/31/2017		06/14/2017		Monthly
Energy Credit Opportunities Income Fund - Class U		PCF.U		US$ 0.0500		05/31/2017		06/14/2017		Monthly
Investment Grade Managed Duration Income Fund - Class T		PFU.UN		$ 0.0417		05/31/2017		06/14/2017		Monthly
Investment Grade Managed Duration Income Fund - Class A		unlisted		$ 0.0417		05/31/2017		06/14/2017		Monthly
Investment Grade Managed Duration Income Fund - Class A2		unlisted		$ 0.0417		05/31/2017		06/14/2017		Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A		PFD.UN		$ 0.1250		05/31/2017		06/14/2017		Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F		unlisted		$ 0.1250		05/31/2017		06/14/2017		Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U		PFD.U		US$ 0.1198		05/31/2017		06/14/2017		Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class V		unlisted		US$ 0.1198		05/31/2017		06/14/2017		Monthly
U.S. Banks Income & Growth Fund - Class T		PUB.UN		$ 0.0417		05/31/2017		06/14/2017		Monthly
U.S. Banks Income & Growth Fund - Class A		unlisted		$ 0.0417		05/31/2017		06/14/2017		Monthly
U.S. Banks Income & Growth Fund - Class A2		unlisted		$ 0.0417		05/31/2017		06/14/2017		Monthly

(1) Dividend is designated as an "eligible" Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

About Purpose Investments Inc.

Purpose Investments 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 $3 billion in assets under management and currently offers 36 exchange traded funds and mutual funds and 7 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

Purpose is the manager of NexC Partners Corp. (TSX: NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities and also, owns an equity stake in Purpose.

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.

For further information please contact:

Vlad Tasevski
Vice President
Purpose Investments Inc.
Tel: [phone]
Email: [e-mail]