MNU.U Purpose USD Cash Management Fund

Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of July 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all ETFs is July 26, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of July 27, 2023, as well as Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund which have an ex-distribution date of July 28, 2023. The ex-distribution date for all closed-end funds is July 28, 2023.

Open-End Funds	Ticker Symbol	Distribution per share/unit		Record Date	Payable Date	Distribution Frequency
Purpose Core Dividend Fund - ETF Series	PDF	$0.10501		07/27/2023	08/08/2023	Monthly
Purpose Enhanced Dividend Fund – ETF Series	PDIV	$0.09501		07/27/2023	08/08/2023	Monthly
Purpose Total Return Bond Fund - ETF Series	PBD	$0.05901		07/27/2023	08/08/2023	Monthly
Purpose Real Estate Income Fund – ETF Series	PHR	$0.07201		07/27/2023	08/08/2023	Monthly
Purpose Monthly Income Fund - ETF Series	PIN	$0.08301		07/27/2023	08/08/2023	Monthly
Purpose Premium Yield Fund – ETF Series	PYF	$0.11001		07/27/2023	08/08/2023	Monthly
Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series	PYF.U	US $ 0.16501		07/27/2023	08/08/2023	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series	PYF.B	$0.12301		07/27/2023	08/08/2023	Monthly
Purpose Canadian Financial Income Fund – ETF Series	BNC	$0.12251		07/27/2023	08/08/2023	Monthly
Purpose Conservative Income Fund – ETF Series	PRP	$0.06001		07/27/2023	08/08/2023	Monthly
Purpose Enhanced Premium Yield Fund – ETF Series	PAYF	$0.13751		07/27/2023	08/08/2023	Monthly
Purpose International Dividend Fund – ETF Units	PID	$0.0780		07/27/2023	08/08/2023	Monthly
Purpose Global Bond Fund – ETF Units	BND	$0.0665		07/27/2023	08/08/2023	Monthly
Purpose High Interest Savings Fund – ETF Units	PSA	$0.2065		07/28/2023	08/08/2023	Monthly
Purpose US Cash Fund – ETF Units	PSU.U	US $ 0.4200		07/28/2023	08/08/2023	Monthly
Purpose Strategic Yield Fund – ETF Units	SYLD	$0.0970		07/27/2023	08/08/2023	Monthly
Purpose Multi-Asset Income Fund – ETF Units	PINC	$0.0840		07/27/2023	08/08/2023	Monthly
Purpose Global Bond Class – ETF Units	IGB	$0.06781		07/27/2023	08/08/2023	Monthly
Purpose Canadian Preferred Share Fund – ETF Units	RPS	$0.0950		07/27/2023	08/08/2023	Monthly
Purpose Core Equity Income Fund – ETF Series	RDE	$0.08001		07/27/2023	08/08/2023	Monthly
Purpose US Preferred Share Fund – ETF Units	RPU	$0.0940		07/27/2023	08/08/2023	Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2	RPU.B / RPU.U	$0.0940		07/27/2023	08/08/2023	Monthly
Purpose Emerging Markets Dividend Fund – ETF Units	REM	$0.0950		07/27/2023	08/08/2023	Monthly
Black Diamond Global Equity Fund – ETF Units	BDEQ	$0.0112		07/27/2023	08/08/2023	Monthly
Purpose Global Flexible Credit Fund – ETF Units	FLX	$0.0297		07/27/2023	08/08/2023	Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units	FLX.U	US $ 0.0375		07/27/2023	08/08/2023	Monthly
Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units	FLX.B	$0.0365		07/27/2023	08/08/2023	Monthly
Purpose Credit Opportunities Fund – ETF Units	CROP	$0.0875		07/27/2023	08/08/2023	Monthly
Purpose Credit Opportunities Fund – ETF USD Units	CROP.U	US $ 0.0975		07/27/2023	08/08/2023	Monthly
Purpose Bitcoin Yield ETF – ETF Units	BTCY	$0.0400		07/27/2023	08/08/2023	Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units	BTCY.B	$0.0450		07/27/2023	08/08/2023	Monthly
Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units	BTCY.U	US$ 0.0530		07/27/2023	08/08/2023	Monthly
Purpose Ether Yield ETF – ETF Units	ETHY	$0.0315		07/27/2023	08/08/2023	Monthly
Purpose Ether Yield ETF – ETF Non-Currency hedged Units	ETHY.B	$0.0385		07/27/2023	08/08/2023	Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units	ETHY.U	US$ 0.0420		07/27/2023	08/08/2023	Monthly
Purpose Healthcare Innovation Yield ETF – ETF Units	HEAL	$0.1330		07/27/2023	08/08/2023	Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF	YGOG	$0.1833		07/27/2023	08/08/2023	Monthly
Amazon (AMZN) Yield Shares Purpose ETF	YAMZ	$0.2000		07/27/2023	08/08/2023	Monthly
Apple (AAPL) Yield Shares Purpose ETF	APLY	$0.1667		07/27/2023	08/08/2023	Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF	BRKY	$0.1000		07/27/2023	08/08/2023	Monthly
Tesla (TSLA) Yield Shares Purpose ETF	YTSL	$0.3067		07/27/2023	08/08/2023	Monthly
Closed-End Funds	Ticker Symbol	Distributionper share/unit		Record Date	Payable Date	Distribution Frequency
Canadian Investment Grade Preferred Share Fund – Class T	RIGP.UN	$0.1146		07/31/2023	08/15/2023	Monthly
Big Banc Split Corp – Class A	BNK	$0.06621		07/31/2023	08/15/2023	Monthly
Big Banc Split Corp – Preferred Shares	BNK.PR.A	$0.05001		07/31/2023	08/15/2023	Monthly

Estimated July 2023 Distributions for Purpose Cash Management Fund and Purpose USD Cash Management Fund

The July 2023 distribution rates for Purpose Cash Management Fund and Purpose USD Cash Management Fund are estimated to be as follows:

Fund Name	Ticker Symbol	Estimated Distribution per unit		Record Date	Payable Date	Distribution Frequency
Purpose Cash Management Fund - ETF Units	MNY	$0.3837		07/28/2023	08/08/2023	Monthly
Purpose USD Cash Management Fund – ETF Units	MNU.U	US $ 0.4110		07/28/2023	08/08/2023	Monthly

Purpose expects to issue a press release on or about July 27, 2023, which will provide the final distribution rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund. The ex-distribution date will be July 28, 2023.

(1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.(2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD; however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $17 billion in assets 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 Unlimited, an independent technology-driven financial services company.

For further information, please contact:Keera HartKeera.Hart@kaiserpartners.com905-580-1257

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 Corporation 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.