Purpose Investments Inc. Announces February Distributions

Investor's Business Daily
Warren Buffett Buys Telecom, Drugmaker Stocks; Apple Stake Cut
Warren Buffett took a huge stake in Verizon stock while dumping JPMorgan stock entirely, according to a regulatory filing from Berkshire Hathaway.
2h ago
InvestorPlace
Bitcoin Is Going to Crash. The Big Question Is When
The blowout rally in Bitcoin (CCC:BTC-USD) continues. As I write this, the best-known and most-valuable cryptocurrency trades above $47,000, down modestly from an all-time high set on Thursday morning. Source: Shutterstock Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly comfortable with adopting Bitcoin. BTC saw a big catalyst this week when Tesla (NASDAQ:TSLA) said it would buy $1.5 billion of the crypto. The electric vehicle giant follows earlier adopters like MicroStrategy (NASDAQ:MSTR) and payment companies Square (NYSE:SQ) and PayPal (NASDAQ:PYPL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips The run over the last four months continues what has been an incredible rally. Bitcoin only launched in 2009. It cleared $1 (yes, one dollar) for the first time almost exactly a decade ago. Give or take, BTC has appreciated 4,700,000% in ten years. There have been few assets in the history of mankind to show that kind of appreciation. Simply put, Bitcoin has created millionaires. But the rally hasn’t been without volatility. In fact, volatility and crashes both have been a key part of the Bitcoin experience. Many of those crashes started in environments similar to this one: when all seemed well, and further upside appeared almost guaranteed. That history suggests another reversal is almost certain to occur. That doesn’t mean investors need to rush to sell their BTC immediately, but at the least they should be on their guard. The History of Bitcoin Crashes For skeptics (and I remain one of them), early 2021 looks an awful lot like late 2017. 9 Meme Stocks That Social Media Won't Shut Up About At that time, Bitcoin similarly was soaring. Bitcoin cleared $1,000 on New Year’s Day 2017. By December, it was over $18,000. $20,000 and beyond seemed guaranteed. Cryptos of all kinds were rallying. Initial coin offerings were all the rage. But as good as 2017 was, 2018 was nearly as bad. In U.S. dollars, Bitcoin had been halved by February. By the end of 2018, it was back below $4,000. As an article at the time noted, the 2018 decline was not the first huge drawdown the cryptocurrency had seen. Not even close. In 2012, BTC dropped 49% twice, with one of the declines a three-day, 57% punishment. Another three-day period the following year saw an incredible 83% plunge. On Nov. 19, 2013, BTC lost half its value. Later that month, it began a stretch of over a year in which it went from $1,163 to just $152.40. Even in 2017, a banner year, Bitcoin fell 30% or more five different times. And then there was the roughly 80% plunge that began toward the end of that year. Admittedly, of late the volatility has eased somewhat relative to early trading. Wider adoption and a larger investor base should continue that moderation going forward. Still, we’ve seen this before. Bitcoin can move north in a hurry, but it also can move, and has moved, south at roughly the same pace. Three Catalysts And there are a pair of catalysts that could trigger another decline in 2021. The first is simply the parabolic gains not just in BTC, but across asset classes. We’ve seen a number of stocks go crazy. That doesn’t just include miners like Riot Blockchain (NASDAQ:RIOT) and Marathon Patent (NASDAQ:MARA). It even goes beyond the so-called “Reddit stocks” like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). Commodities have taken off. Even in cryptos, DogeCoin, which started as a joke, now has a market capitalization of $9 billion. There are going to be crashes elsewhere, whether in cryptos, stocks, or commodities. And those crashes may well read across to Bitcoin. Surely there is cross-ownership between Bitcoin and other ‘hot’ assets. Those owners that see losses elsewhere are likely to de-risk by converting BTC to USD. There’s also the regulatory environment. Treasury Secretary Janet Yellen has repeatedly and publicly raised concerns about cryptocurrencies including Bitcoin. Certainly, Yellen can’t ban BTC trading and send its value to zero. But she can impact potentially bullish catalysts, like the long-awaited launch of an exchange-traded fund (which would need to be approved by the U.S. Securities and Exchange Commission). Finally, there’s the possibility that Bitcoin itself simply has run too far. It stands to reason that at least some of the incremental buyers since December are not diehard crypto adherents, who believe Bitcoin can disintermediate large financial institutions. They’re just joining in the fun. In modern trader parlance, there may be some “weak hands” that have jumped on board. They’re not necessarily the type to ride out volatility longer-term. The Case for Staying It bears repeating: these risks don’t mean an investor needs to rush to cash in their Bitcoin. In fact, for a couple of reasons, an investor can believe that both a) Bitcoin will crash again and b) Bitcoin still is worth owning right now. First, the crash may still be a long ways off — and more upside may follow. An analyst could have correctly predicted in early 2017 that BTC was going to crash within a year. A trader who listened to that advice still would have missed out on gains of at least 200%-plus. This rally doesn’t have to end immediately. Second, there’s a case that trying to time the crash (assuming it arrives) is a fool’s errand. Timing the stock market is a notoriously impossible strategy. Bitcoin’s history suggests it isn’t any different. Long-term bulls on Bitcoin (or any other cryptocurrency) can reasonably argue that immense volatility simply is a fact of life, at least for now. But if the long-term bull case plays out, the ability to ride out that immense volatility will pay off, even if there’s some short-term pain along the way. Neither is an unreasonable argument. But crypto holders need to at least understand that we’ve been here before. Short-term bursts of optimism like we’re seeing now almost always are followed by a reversal. I don’t believe this time will be any different, though it remains to be seen how steep that reversal is, and from what point it begins. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post Bitcoin Is Going to Crash. The Big Question Is When appeared first on InvestorPlace.
1d ago
MoneyWise
Joe Biden just gave homeowners an even longer break from mortgage payments
As part of COVID-19 relief, you can now keep your home loan on pause for up to 18 months.
3h ago
Yahoo Finance
Warren Buffett reveals new stakes in Verizon, Chevron
The latest stock picks for the Oracle of Omaha are out.
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Investor's Business Daily
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Reuters
Chinese drone-maker's stock plunges on negative short seller report
Shares of drone manufacturer EHang Holdings Ltd plunged on Tuesday after an investment research firm said it had shorted the stock and questioned the accuracy of what the Chinese company has said about its business. Wolfpack Research, which specializes in short selling, or betting that shares will fall, said EHang is "an elaborate stock promotion" and that the producer of unmanned aerial vehicle technology has lied about its products, manufacturing, revenues and partnerships.
56m ago
TipRanks
2 “Strong Buy” Dividend Stocks Yielding at Least 7%
A number of factors are coming together in the market picture, and indicate a possible change in conditions in the mid-term. These include increases in commodity prices, specifically, oil prices, which have rallied recently. In addition, the January jobs numbers, released earlier this month, were disappointing at best – and grim, at worst. They, do, however, increase the chance that President Biden and the Democratic Congress will push a large-scale COVID relief package through to fruition. These factors are likely to pull in varying directions. The rise in oil prices suggests an upcoming squeeze in supply, while the possibility of further stimulus cash bodes well for fans of market liquidity. These developments, however, point toward a possible price reflationary climate. Against this backdrop, some investors are looking for ways to rebuild and defend their portfolios. And that will bring us to dividends. By providing a steady income stream, no matter what the market conditions, a reliable dividend stock provides a pad for your investment portfolio when the share stop appreciating. And so, we’ve opened up the TipRanks database and pulled the details on two stocks with high yields – at least 7%. Even better, these stocks are seen as Strong Buys by Wall Street’s analysts. Let’s find out why. Williams Companies (WMB) The first stock we'll look at is Williams Companies, a natural gas processing firm based in Oklahoma. Williams controls pipelines for natural gas, natural gas liquids, and oil gathering, in a network stretching from the Pacific Northwest, through the Rockies to the Gulf Coast, and across the South to the Mid-Atlantic. Williams’ core business is the processing and transport of natural gas, with crude oil and energy generation as secondary operations. The company’s footprint is huge – it handles almost one-third of all natural gas use in the US, both residential and commercial. Williams will report its 4Q20 results late this month – but a look at the Q3 results is informative. The company reported $1.93 billion at the top line, down 3.5% year-over-year but up 8.4% quarter-over-quarter, and the highest quarterly revenue so far released for 2020. Net earnings came in at 25 cents per share, flat from Q2 but up 38% year-over-year. The report was widely held as meeting or exceeding expectations, and the stock gained 7% in the two weeks after it was released. In a move that may indicate a solid Q4 earnings on the way, the company declared its next dividend, to be paid out on March 29. The 41-cent per common share payment is up 2.5% from the previous quarter, and annualizes to $1.64. At that rate, the dividend yields 7.1%. Williams has a 4-year history of dividend growth and maintenance, and typically raises the payment in the first quarter of the year. Covering the stock for RBC, 5-star analyst TJ Schultz wrote: “We believe Williams can hit the low-end of its 2020 EBITDA guidance. While we expect near-term growth in the NE to moderate, we think WMB should benefit from less than previously expected associated gas from the Permian. Given our long-term view, we estimate Williams can remain comfortably within investment grade credit metrics through our forecast period and keep the dividend intact.” To this end, Schultz rates WMB an Outperform (i.e. Buy), and his $26 price target suggests an upside of 13% in the next 12 months. (To watch Schultz’s track record, click here) With 8 recent reviews on record, including 7 Buys and just 1 Hold, WMB has earned its Strong Buy analyst consensus rating. While the stock has gained in recent months, reaching $23, the average price target of $25.71 implies it still has room for ~12% growth this year. (See WMB stock analysis on TipRanks) AGNC Investment (AGNC) Next up is AGNC Investment, a real estate investment trust. It’s no surprise to find a REIT as a dividend champ – these companies are required by tax codes to return a high percentage of profits directly to shareholders, and frequently use dividends as the vehicle for compliance. AGNC, based in Maryland, focuses on MBSs (mortgage-backed securities) with backing and guarantees from the US government. These securities make up some two-thirds of the company’s total portfolio, or $65.1 billion out of the $97.9 billion total. AGNC’s most recent quarterly returns, for 4Q20, showed $459 million in net revenue, and a net income per share of $1.37. While down yoy, the EPS was the strongest recorded for 2020. For the full year, AGNC reported $1.68 billion in total revenues, and $1.56 per share paid out in dividends. The current dividend, 12 cents per common share paid out monthly, will annualize to $1.44; the difference from last year’s higher annualization rate is due to a dividend cut implemented in April in response to the coronavirus crisis. At the current rate, the dividend gives investors a robust yield of 8.8%, and is easily affordable for the company given current income. Among AGNC's bulls is Maxim analyst Michael Diana who wrote: “AGNC has retained a competitive yield on book value relative to other mortgage REITs (mREITS), even as it has out-earned its dividend and repurchased shares. While turmoil in the mortgage markets at the end of March resulted in losses and lower book values for all mortgage REITs, AGNC was able to meet all of its margin calls and, importantly, take relatively fewer realized losses and therefore retain more earnings power post-turmoil.” Based on all of the above, Diana rates AGNC a Buy, along with an $18 price target. This figure implies a ~10% upside potential from current levels. (To watch Diana’s track record, click here) Wall Street is on the same page. Over the last couple of months, AGNC has received 7 Buys and a single Hold -- all add up to a Strong Buy consensus rating. However, the $16.69 average price target suggests shares will remain range bound for the foreseeable future. (See AGNC stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
5h ago
Investor's Business Daily
Palantir Stock Falls As 2021 Revenue Outlook Disappoints, IPO Lock-Up To Expire
Palantir reported fourth-quarter earnings and revenue that topped estimates. Palantir stock fell as full-year 2021 revenue guidance came in slightly below expectations.
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MarketWatch
QuantumScape stock rallies after California battery-plant news
Shares of QuantumScape Corp. rallied more than 5% in after-hours trading Tuesday after the battery-maker startup reported a wider-than-expected loss in its first quarterly reporting as a public company, and said it will build a test plant in California. QuantumScape (QS) said it lost $695 million, or $2.41 a share, in its fiscal fourth quarter, compared with a loss of $14.3 million, or 6 cents a share, in the year-ago quarter. QuantumScape is a pre-revenue company.
2h ago
Yahoo Finance
CCIV stock soars 30% on report it's nearing deal with Lucid Motors
Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. Shares were halted for volatility following the news.
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Financial Times
Court throws Biden’s green agenda on to horns of a dilemma
US president Joe Biden has been handed a poison chalice. Barely a month into the job, he has to decide between saving a Georgia battery factory that promises to provide 2,600 jobs and clean power for 330,000 cars a year, or defending a foreign company to protect the principle that intellectual property rights are inviolable. It banned SKI from importing components to make EV batteries in the US using the contested technology for the next decade.
1d ago
Bloomberg
EV-Battery Startup QuantumScape Soars on Technical Breakthrough
(Bloomberg) -- QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology.The company, which is attempting to pioneer solid-state lithium-metal batteries for electric vehicles, said it was able to produce multilayer battery cells, a crucial stumbling block in taking the technology from the lab to the real world.“While there is still a lot of work to be done and we could encounter new challenges as we increase our layer count, this is an incredibly important result, and we are excited to have this so early in the year,” Chief Executive Officer Jagdeep Singh said in a letter to investors that was part of the company’s first quarterly financial report.The company is one of several startups and incumbents trying to develop solid-state batteries, an innovation that holds the promise of dramatically speeding up EV adoption by providing automakers with a safer, cheaper alternative to current lithium-ion batteries.To become commercially viable, the company needs to deal with three main issues. It must build bigger and multilayered batteries, compared with what it’s testing in a controlled laboratory setting. The current build has only four layers, and the company may need to have as many as a dozen in the commercial version.It also needs to develop a reliable manufacturing line for certain critical components, such as ceramic separators. Finally, it has to put all those pieces in a factory where it can spread billions of dollars in equipment and machinery costs over large production volumes.Shares of San Jose, California-based QuantumScape, which began trading Nov. 27 after it merged with the blank-check company, Kensington Capital Acquisition Corp., jumped as high as $56.70 in after-market trading Tuesday.Faster to MarketBeing able to build multilayer battery cells that essentially perform like single-layered cells may shave months off the time needed to bring QuantumScape’s batteries to consumer vehicles, Singh said in an interview.Crucially, it gives the company confidence to build a small pilot facility in San Jose that will produce engineering samples for automakers to put in “hundreds of test cars” as soon as 2023, the CEO said. QuantumScape intends to use those samples to woo customers beyond its largest shareholder, Volkswagen AG, Singh said on a call following the release of quarterly results.“Now we have the ability to make cells before the JV comes up with VW,” he said in an interview. “This is new, this wasn’t part of the plan before.”Volkswagen has committed to using QuantumScape’s battery technology in its EVs via a joint venture -- if enough batteries can be produced and at competitive prices. QuantumScape estimates it will cost $1.6 billion to build that battery factory, a 50-50 venture with Volkswagen that’s supposed to start producing cells in 2024.The company closed the fourth quarter with more than $1 billion in cash and equivalents. Spending plans this year include capital outlays and operating costs of $230 million to $290 million, the company said. However with additional financing from Volkswagen and the assumed exercise of warrants, QuantumScape expects to head into 2022 with more than $900 million.(Updates with details of developments in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1h ago
The Wall Street Journal
GameStop Investors Who Bet Big—and Lost Big
GameStop’s volatile ride is hitting the portfolios of individual investors who purchased the stock in a social-media-fueled frenzy.
2d ago
Reuters
Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe - U.S. judge
A federal judge on Tuesday said Citigroup Inc is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, in what he called "a banking error of perhaps unprecedented nature and magnitude." U.S. District Judge Jesse Furman in Manhattan said the Aug. 11, 2020, transfers were "final and complete transactions, not subject to revocation." Citigroup plans to appeal.
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Oilprice.com
The Single Biggest Threat To The Electric Vehicle Boom
Toyota’s boss is predicting this could lead to the collapse of the auto industry. But one company may hold the solution...
1d ago
Barrons.com
Warren Buffett’s Mystery Investments Are Verizon and Chevron. Here’s Why the 2 Stocks Make Sense.
Berkshire (ticker: BRK.B) held 146.7 million shares of Verizon (VZ) worth $8.6 billion at the end of 2020 and 48.5 million shares of Chevron (CVX) worth $4.1 billion, according to a regulatory filing on Tuesday. The Verizon stake is up sharply from the end of the third quarter, when Berkshire owned 58.4 million Verizon shares worth $3.4 billion. The Chevron stake rose more modestly in the fourth quarter, from 44.3 million at the end of the third quarter.
2h ago
Bloomberg
Warren Buffet's Berkshire Reveals Three New Secret Buys
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. cut its Apple Inc. holding during the last few months of the year. The conglomerate also revealed three new buys that it snapped up in secret.Berkshire bought stock in Verizon Communications Inc., insurance broker Marsh & McLennan Cos. and Chevron Corp., bets that were granted confidential status and not revealed in a third-quarter regulatory filing, according to an updated document released Tuesday. The news of the investments sent the shares of those three companies up in after-market trading.The Apple stake reduction left Berkshire with a holding valued at about $120 billion at the end of 2020, according to another filing. The iPhone maker remains Berkshire’s biggest single stock holding.Buffett and his investment deputies, Todd Combs and Ted Weschler, reshaped the portfolio over the last year as the coronavirus pandemic struck the U.S. The company was heavily invested in the banking sector, which has done well in the pandemic but is exposed to consumer finances and commercial real estate. The conglomerate has spent recent months lightening up on some of those lenders, while maintaining bets on firms such as Bank of America Corp.Berkshire cut a few bank holdings, exiting JPMorgan Chase & Co., PNC Financial Services Group Inc. and M&T Bank Corp. while slashing its Wells Fargo & Co. stake by 59%. The company also shifted recent bets on drugmakers by increasing a stake in Merck & Co Inc., Abbvie Inc. and Bristol-Myers Squibb Co. It ended a recent investment in Pfizer Inc.Berkshire exited a bet on Barrick Gold Corp. The investment was a surprise when it was revealed last year, given Buffett’s years of chiding the precious metal. The company also trimmed an investment in General Motors Co., cutting that holding to a stake valued at roughly $3 billion at the end of the fourth quarter.Some of the new stakes were sizable. Berkshire held an investment in Chevron valued at nearly $4.1 billion at the end of 2020, while its Marsh & McLennan bet was valued at $499 million. Berkshire accumulated a $8.6 billion stake in Verizon, a company that it had previously bet on but cut in 2019.Verizon stock was up roughly 2.7% to $55.59 at 6:03 p.m. in New York, while Chevron gained 2.4%. Marsh & McLennan climbed less than 1% to $115 at 4:58 p.m.(Updates with stock gains in second and eighth paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1h ago
MarketWatch
Here’s what top economist Mohamed El-Erian fears will trigger a market mishap
Not much is slowing down enthusiasm for most assets right now. Mohamed El-Erian, economic adviser to Allianz, says these things might trip up investors.
10h ago
Reuters
Exclusive: Lucid Motors nears SPAC deal as Klein launches financing - sources
Luxury electric vehicle maker Lucid Motors Inc is getting close to a deal to go public at a roughly $12-billion valuation after veteran dealmaker Michael Klein's blank-check acquisition firm launched a financing effort to back the transaction, people familiar with the matter said on Tuesday. The merger between Lucid and Klein's Churchill Capital IV Corp would be the biggest in a string of deals by electric vehicle makers such as Nikola Corp and Fisker Inc that have gone public by combining with special purpose acquisition companies (SPACs). Churchill Capital IV has initiated talks with investors to raise more than $1 billion by selling shares in a private investment in public equity (PIPE) transaction for the deal with Lucid, the sources said.
6h ago
Investor's Business Daily
What Is A Dividend? Plus The 5 Best Dividend Stocks Now
What is a dividend and which companies have the best-yielding dividends? Read on for a primer on how best to approach this method of investing.
12h ago

Open-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Purpose Core Dividend Fund - ETF Series	PDF	$0.0850¹	02/24/2021	03/05/2021	Monthly
Purpose Enhanced Dividend Fund – ETF Series	PDIV	$0.0522¹	02/24/2021	03/05/2021	Monthly
Purpose Total Return Bond Fund - ETF Series	PBD	$0.0520¹	02/24/2021	03/05/2021	Monthly
Purpose Real Estate Income Fund – ETF Series	PHR	$0.0720¹	02/24/2021	03/05/2021	Monthly
Purpose Monthly Income Fund - ETF Series	PIN	$0.0830¹	02/24/2021	03/05/2021	Monthly
Purpose Premium Yield Fund – ETF Series	PYF	$0.0830¹	02/24/2021	03/05/2021	Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series	PYF.U	US $ 0.0885¹	02/24/2021	03/05/2021	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series	PYF.B	$0.0885¹	02/24/2021	03/05/2021	Monthly
Purpose Canadian Financial Income Fund – ETF Series	BNC	$0.0850¹	02/24/2021	03/05/2021	Monthly
Purpose Conservative Income Fund – ETF Series	PRP	$0.0540¹	02/24/2021	03/05/2021	Monthly
Purpose Enhanced Premium Yield Fund – ETF Series	PAYF	$0.1181¹	02/24/2021	03/05/2021	Monthly
Purpose International Dividend Fund – ETF Units	PID	$0.0780	02/24/2021	03/05/2021	Monthly
Purpose US Dividend Fund – ETF Units	PUD	$0.0650	02/24/2021	03/05/2021	Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units	PUD.B	$0.0760	02/24/2021	03/05/2021	Monthly
Purpose Global Bond Fund – ETF Units	BND	$0.0585	02/24/2021	03/05/2021	Monthly
Purpose High Interest Savings ETF	PSA	$0.0238	02/25/2021	03/05/2021	Monthly
Purpose US Cash Fund – ETF Units	PSU.U	US$ 0.0188	02/25/2021	03/05/2021	Monthly
Purpose Strategic Yield Fund – ETF Units	SYLD	$0.0970	02/24/2021	03/05/2021	Monthly
Purpose Multi-Asset Income Fund – ETF Units	PINC	$0.0840	02/24/2021	03/05/2021	Monthly
Purpose Global Bond Class – ETF Units	IGB	$0.0602¹	02/24/2021	03/05/2021	Monthly
Purpose Canadian Preferred Share Fund – ETF Units	RPS	$0.0950	02/24/2021	03/05/2021	Monthly
Purpose Core Equity Income Fund – ETF Series	RDE	$0.0650¹	02/24/2021	03/05/2021	Monthly
Purpose US Preferred Share Fund – ETF Units	RPU	$0.0940	02/24/2021	03/05/2021	Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units²	RPU.B / RPU.U	$0.0940	02/24/2021	03/05/2021	Monthly
Purpose Emerging Markets Dividend Fund – ETF Units	REM	$0.0580	02/24/2021	03/05/2021	Monthly
Purpose Floating Rate Income Fund – ETF Units	FLOT	$0.0297	02/24/2021	03/05/2021	Monthly
Purpose Floating Rate Income Fund - Non-Currency Hedged USD – ETF Units	FLOT.U	US$ 0.0375	02/24/2021	03/05/2021	Monthly
Purpose Floating Rate Income Fund - Non-Currency Hedged – ETF Units	FLOT.B	$0.0365	02/24/2021	03/05/2021	Monthly

Closed-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Investment Grade Managed Duration Income Fund – Class T	PFU.UN	$0.0417	02/26/2021	03/12/2021	Monthly
U.S. Banks Income & Growth Fund – Class T	PUB.UN	$0.0417	02/26/2021	03/12/2021	Monthly
Canadian Investment Grade Preferred Share Fund – Class T	RIGP.UN	$0.1146	02/26/2021	03/12/2021	Monthly
Big Banc Split Corp – Class A	BNK	$0.0662	02/26/2021	03/12/2021	Monthly
Big Banc Split Corp – Preferred Shares	BNK.PR.A	$0.0500	02/26/2021	03/12/2021	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.
(2)	Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

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Purpose Investments Inc. Announces February Distributions

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