TORONTO, November 29, 2021 (GLOBE NEWSWIRE) – Purpose Investments Inc. (“Purpose”) today announced the completion of the merger of Purpose Structured Equity Yield Portfolio (“PSY”) and Purpose Structured Equity Yield Portfolio II ( “PSY”) II ”) (the“ Merger ”). Following the merger, the Continuing Fund (Purpose Structured Equity Yield Portfolio II) was renamed “Purpose Structured Equity Yield Portfolio” (the “Continuing Fund”).
The Merger was implemented in order to more efficiently and effectively manage the fund portfolios as well as to reduce costs for the benefit of shareholders.
The Continuing Fund offers investors (i) the possibility of long-term capital appreciation, (ii) stable monthly distributions and (iii) a lower downside risk than a direct investment in the stock markets within the meaning of broad by investing, directly or indirectly, in a large portfolio of North American and global equity securities and partially hedging the downside risk of the portfolio.
“This merger was designed to streamline our popular family of structured funds, which also includes the Purpose Structured Equity Yield Plus portfolio and the Purpose Structured Equity Growth Fund, to the benefit of investors,” said Vlad Tasevski, COO and product manager at Purpose. . “We are confident that Purpose Structured Equity Yield Portfolio will continue to provide investors with a unique means of achieving long-term portfolio stability while generating attractive returns. “
About Purpose Investments Inc.
Purpose is an asset management company with over $ 14 billion in assets under management. Purpose relentlessly focuses on client-centric innovation, offering a range of managed and quantitative investment products. Purpose is led by acclaimed entrepreneur Som Seif and is a division of Purpose Financial, an independent, technology-driven financial services platform that is reshaping the industry by connecting and creating opportunities in asset management, wealth management and small business financial services.
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Purpose cautions the reader not to place undue reliance on any forward-looking statements contained in this document, which speak only as of the date on which they are made. Usually, but not always, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, ” expected ”,“ believes ”,“ anticipates ”,“ intends to ”,“ on pace ”,“ anticipates ”, or“ does not anticipate ”,“ believes ”,“ is confident ”and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “should”, “could” or “will” be taken, occur or be achieved.
Forward-looking statements are based on information available to management at the time they are made, plans, estimates, assumptions, judgments and current expectations of management. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause actual results, level of activity, performance or achievement of the Target to differ materially from those expressed. or implied by this forward-looking information. These risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties. Although the forward-looking information contained in this press release is based on what Purpose believes are reasonable as of the date on which such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could. differ materially from those anticipated in this forward-looking information. Therefore, readers should not place undue reliance on forward-looking information. Purpose does not undertake to update or revise forward-looking information except in accordance with applicable securities laws.