Ms. Keera Hart reports

PURPOSE INVESTMENTS INC. ANNOUNCES 2024 FINAL ANNUAL INCOME AND CAPITAL GAINS DISTRIBUTIONS FOR PURPOSE MUTUAL FUND TRUSTS WITH DECEMBER 15, 2024 TAX YEAR-END

Purpose Investments Inc. has declared the final annual distributions of income and capital gains for its open-end exchange-traded funds (ETFs) structured as mutual fund trusts with a Dec. 15, 2024, tax year-end. The distributions represent income earned and capital gains realized by the funds during the year.

Details of the per-unit distribution amounts are provided in attached tables.

ETF series unitholders of record at the close of business on Dec. 31, 2024, will receive the 2024 annual income distributions on Jan. 7, 2025. The ex distribution date for the 2024 annual income distributions will be Dec. 31, 2024. Purpose expects to announce the final year-end notional distribution of income for Purpose Specialty Lending Trust on or about Jan. 24, 2025, if necessary.

The annual capital gains distributions for the funds listed in the corresponding table will be paid as notional distributions. With a notional distribution, the units issued from the distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution.

Purpose confirms that the notional capital gain distributions will be applied to ETF holders of record as at the close of business on Dec. 23, 2024. The ex distribution date for the notional capital gain distributions will be Dec. 23, 2024.

The respective unitholders of record on Dec. 31, 2024, for the funds listed in the corresponding table will receive the 2024 annual cash distributions on Jan. 7, 2025. The ex dividend date for the 2024 annual distributions for these ETFs (Purpose Active Balanced Fund -- ETF units, Purpose Active Growth Fund -- ETF units and Purpose Active Conservative Fund -- ETF units) will be Dec. 31, 2024.

The actual breakdown of taxable amounts of reinvested and cash distributions for 2024 tax year, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2025.

As an update to the news release issued on Nov. 27, 2024, Purpose confirms that Apple (AAPL) Yield Shares Purpose ETF, Amazon (AMZN) Yield Shares Purpose ETF, Nvidia (NVDA) Yield Shares Purpose ETF and Microsoft (MSFT) Yield Shares Purpose ETF will not declare a special annual distribution in 2024.

Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund -- ETF units, Purpose U.S. Cash Fund -- ETF units, Purpose Cash Management Fund -- ETF units and Purpose USD Cash Management Fund -- ETF units on or about Dec. 31, 2024, if necessary.

Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about Jan. 24, 2025, if necessary. Shareholders of record on Jan. 30, 2025, will receive the annual capital gains distributions on Feb. 5, 2025, and such capital gains will be applicable for the 2025 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Ltd. funds will not declare annual capital gain distributions for the 2024 tax year.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $21-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 entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.