Ms. Keera Hart reports

PURPOSE INVESTMENTS INC. ANNOUNCES FINAL 2023 DISTRIBUTIONS FOR PURPOSE MUTUAL FUND TRUSTS

Purpose Investments Inc. has declared the final annual capital gain distributions for its open-ended exchange-traded funds structured as mutual fund trusts with a Dec. 31, 2023, tax year-end. The distributions represent capital gains realized by the funds during the year.

Details of the per-unit distribution amounts are attached.

                                FINAL ANNUAL CAPITAL GAIN DISTRIBUTIONS
 
Purpose mutual fund trusts                       Ticker   Exchange   Final annual       Distribution type
                                                 symbol              capital gain       (cash or notional)
                                                                     distribution  
                                                                         per unit  

Purpose USD Cash Management Fund -- ETF units     MNU.U        TSX        $0.8108   Notional distribution

The annual capital gain distribution for Purpose USD Cash Management Fund listed in the attached table will be paid as notional distribution. 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 distribution will be applied to ETF holders of record as at the close of business on Dec. 29, 2023. The ex distribution date for the notional capital gain distribution will be Dec. 29, 2023.

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

Purpose confirms that Purpose High Interest Savings Fund, Purpose U.S. Cash Fund, Purpose Cash Management Fund and Black Diamond Impact Core Equity Fund will not declare a special distribution in 2023 tax year.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $19-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 the entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial service company.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corp. or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.