Purpose Investments Inc. Announces Name Change for Canadian Advance Brand Adopted Share Fund
TORONTO, Sept. 27, 2018 (GLOBE NEWSWIRE) — Subsequent to the August 30, 2018 columnist absolution issued by S&P Global Ratings (“S&P”), Purpose Investments Inc. (“Purpose” or the “Manager”) announces the accommodation to aish “P2L” from the name and all actual accompanying to the Canadian Advance Brand Adopted Share Fund P2L (RIGP.UN) (“the Fund”), which is currently listed on the Aequitas NEO Exchange. The new Fund name will be Canadian Advance Brand Adopted Share Fund. There will be no change to the ticker attribute and CUSIP. The name change is able as of September 24, 2018.
The name change does not represent a change in the Fund’s advance strategy, the Fund will abide to be managed in agnate address as afore and the Manager does not ahead a change in the all-embracing acclaim affection of the portfolio.
“Purpose is a close focused on addition and the best accessible outcomes for investors,” said Som Seif, President and CEO of Purpose Investments. “As such, we accept application the adaptability to authority high-quality securities, irrespective of which bureau ante them, is the best advance of action. We accept not adapted the advance activity of the Fund in any way, and we accept no affairs to do so. We additionally abide to accept that the Fund represents a acute befalling for investors to alter their assets and lower all-embracing portfolio volatility.”
About Canadian Advance Brand Adopted Share Fund
Canadian Advance Brand Adopted Share Fund’s advance objectives are to (i) accommodate holders of units (“Unitholders”) with account banknote distributions; and (ii) aerate the absolute acknowledgment to Unitholders over time by advance in an actively managed portfolio comprised primarily of adopted shares of Canadian issuers. A minimum of 80% of the absolute assets of the Fund will be invested in advance brand securities. The Fund uses the Unit Traded Fund structure, which has been developed to achieve two goals, namely (a) to accredit the Fund to advance around all of the gross gain from the alms in the portfolio, and (b) to animate the Fund’s Class T units to barter in the bazaar at a amount not beneath than 98.50% of their net asset amount (“NAV”) throughout the activity of the Fund.
About Purpose Investments
Purpose Investments is an asset administration aggregation with about $6.1 billion beneath management. Purpose Investments has an bound focus on client-centric innovation, and offers a ambit of managed and quantitative advance products. Purpose Investments is led by acclaimed administrator Som Seif and is a analysis of Purpose Financial, an absolute technology-driven banking casework company.
For added advice amuse contact:
Nancy TurnerPurpose Investments Inc. Tel: (877) 789-1517Email: [email protected]
This columnist absolution is for advice purposes alone and does not aggregate an action to advertise or a address to buy the balance referred to herein. This columnist absolution is not for broadcasting in the United States or for administration to U.S. account wire services.
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