Purpose Investments Inc. Announces Increases to Annual Distribution Yield Targets for Purpose Global Bond Fund, Purpose Global Bond Class, and Purpose Global Flexible Credit Fund

TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose") is pleased to announce that it has elected to increase the annual distribution target on the Purpose Global Bond Fund (TSX: BND) and Purpose Global Bond Class (TSX: IGB) from 4.65% to 5.15%. In addition, the annual distribution target for Purpose Global Flexible Credit Bond Fund (TSX: FLX) will also increase from 5.50% to 6.25%. The new monthly distribution amounts are shown in the table below and will be effective as of December 2023.

Based on the funds' continued capital allocation in the new bond issue market coupled with the current interest rate environment, Purpose is able to increase the monthly distribution rates for the above-mentioned funds.

About Purpose Investments
Purpose Investments is an asset management company with more than $18 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 well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies ? including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds ? on behalf of institutions, advisors and individual investors globally. The firm manages $439 billion in client assets as of September 30, 2023.

For further information, please contact:
Keera Hart
[email protected]
905-580-1257

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