Exchange Bulletin
Purpose US Dividend Fund (PUD) To Trade On Toronto Stock Exchange
Purpose US Dividend Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of 125,000 ETF units and 125,000 ETF non-currency hedged units (collectively, the "ETF Units") of the Fund, all of which will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.
Listing of the ETF Units will become effective at 5:01 p.m. on on Friday, November 21, 2014, as the offering will close prior to the opening on Monday, November 24, 2014. The ETF Units will be posted for trading at the opening on Monday, November 24, 2014 upon confirmation of the closing.
The registration and transfer of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. ETF unitholders of the Fund will not have the right to receive physical certificates evidencing their ownership of the ETF Units.
Additional information on the ETF Units may be found in the simplified prospectus dated October 15, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
ETF Units
| Stock Symbol: "PUD" | CUSIP: 74640K 10 6 | Trading Currency: CDN$ |
ETF Non-Currency Hedged Units
| Stock Symbol: "PUD.B" | CUSIP: 74640K 20 5 | Trading Currency: CDN$ |
| Designated Market Maker: | RBC Capital Markets |
| Other Markets: | None |
| Head Office Address: | 130 Adelaide Street West, Suite 1700 P.O. Box 83 Toronto, Ontario M5H 3P5 |
| Website: | www.purposeinvest.com |
| Telephone Number: | (416) 583-3850 |
| Fax Number: | (416) 583-3851 |
| Investor Relations: | Som Seif Tel: (416) 583-3856 info@purposeinvest.com -or- Scott Bartholomew Tel: (416) 583-3857 info@purposeinvest.com |
| Chief Financial Officer: | Scott Bartholomew |
| Corporate Secretary: | Lara Misner |
| Incorporation: | The Fund is a mutual fund trust established as a trust under the laws of the Province of Ontario. |
| Manager: | Purpose Investments Inc. |
| Fiscal Year End: | December 31 |
| Transfer Agent & Registrar: | Equity Financial Trust Company, at its principal office in Toronto. |
| Nature of Business: | The Fund seeks to achieve its investment objectives by investing in a portfolio of approximately 40 high quality U.S. stock exchange listed dividend-paying equity securities. |
| No Switching of ETF Units: | Unitholders may not switch ETF Units or Mutual Fund Units of the Fund for ETF Shares or Mutual Fund Shares of any Purpose Corporate Fund and a holder of ETF Shares or Mutual Fund Shares of a Purpose Corporate Fund may not switch its ETF Shares or Mutual Fund Shares of a Purpose Corporate Fund for ETF Units or Mutual Fund Units of the Fund. Holders of Mutual Fund Units of the Fund may convert units of any class into units of any other class of the Fund. |
| Distribution Policy: | The Fund expects to make a cash distribution each month, if at all. Distributions are not guaranteed and may change from time to time at the Fund's discretion. |
| Initial Issuance of Units: | Pursuant to the Prospectus, 125,000 ETF units and 125,000 ETF non-currency hedged units of the Fund will be initially issued at a subscription price of $20.00 per unit. ETF Units of the Fund will be issued and sold on a continuous basis and there will be no maximum number of ETF Units that may be issued. |
