An anonymous representative of Purpose Investments reports

PURPOSE INVESTMENTS INC. ANNOUNCES 2023 FINAL ANNUAL INCOME AND CAPITAL GAINS DISTRIBUTIONS

Purpose Investments Inc. has declared the final annual distributions of income and capital gains for its open-end exchange-traded funds structured as mutual fund trusts with a Dec. 15, 2023, 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 as shown in the attached tables.

The annual capital gains distributions for the funds listed in table above 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.

The notional capital gain distributions will be applied to ETF holders of record as at the close of business on December 22, 2023. The ex-distribution date for the notional capital gain distributions will be December 21, 2023.

The actual breakdown of taxable amounts of reinvested and cash distributions for 2023, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2024.

As an update to the press release issued on November 29, 2023, Purpose confirms that Purpose Ether Yield ETF and Apple (AAPL) Yield Shares Purpose ETF will not declare a special annual distribution in 2023.

Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund ETF Units, Purpose US Cash Fund ETF Units, Purpose Cash Management Fund ETF Units, Purpose USD Cash Management Fund ETF Units, and Black Diamond Impact Core Equity Fund ETF Units on or about December 29, 2023, if necessary.

Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 23, 2024, if necessary. Shareholders of record on January 29, 2024 will receive the annual capital gains distributions on February 1, 2024, and such capital gains will be applicable for the 2023 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not declare annual capital gain distributions for the 2023 tax year.