Purpose Investments Inc. announces the termination of

TORONTO, January 10, 2022 (GLOBE NEWSWIRE) – Goal Investments inc. (“Goal“) announced today that it will terminate the Investment Grade Managed Duration Income (NEO Ticker: PFU.UN) and US Banks Income & Growth Fund (NEO Ticker: PUB.UN) fund (together, the”Funds“) and will redeem all of the issued and outstanding Class T units (the”Units) Of each Fund in accordance with the terms of each Fund’s amended and restated declaration of trust. It is expected that each termination will occur on or around January 31, 2022 (each a “”Termination date“). Purpose is the trustee and manager of each Fund.

The decision to close the Funds was driven primarily by the Funds’ relatively low assets under management and the costs associated with maintaining funds of this size. Such factors have made it difficult to effectively manage the Funds in accordance with their intended investment objectives. Therefore, any termination, in Purpose’s opinion, is in the best interests of Unitholders.

The redemption price payable for the Units will be an amount equal to the net asset value per Unit of the applicable class of the Fund applicable on the termination date and will be payable to Unitholders on or before February 3, 2022.

It is expected that the Class T units of each Fund will be voluntarily delisted from the NEO Exchange on or about January 27, 2022 upon closing.

As stated above, the effective date of termination of the Funds is expected to be on or around January 31, 2022. If you still hold a position in a Fund at 4:00 p.m. EST on the Termination Date, your position in that Fund will be liquidated, the proceeds being deposited into your account or a check mailed directly to you or to your broker, nominee or intermediary, depending on your account registration. If you own units, any disposition of your assets may also have tax consequences. We strongly encourage unitholders to contact their financial advisors to discuss the financial and tax implications associated with the redemption of their units and the applicable termination.

About Purpose Investments
Purpose Investments is an asset management company with over $ 14 billion under management. Purpose Investments has a relentless focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by acclaimed entrepreneur Som Seif and is a division of Purpose Unlimited, an independent, technology-driven financial services company.

For more information, please contact:
Keera hart
Keera.Hart@kaiserpartners.com
905-580-1257

Commissions, trailing commissions, management fees and expenses can all be associated with the investments of investment funds. Please read the prospectus and other information documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or by 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 bought 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.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not intended for distribution in the United States or for distribution to the United States news service.

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