Big Banc Split Corp. Announces Class A Share Split

2 hours ago 5

Article content

⁽²⁾ Inception Date: June 24, 2020

Article content

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

Article content

The table shows the Fund’s compound return for each period indicated, compared with the S&P/TSX Composite Total Return Index (“Index”). The Index tracks the performance, on a market-weight basis and total return basis, of a broad index of large-capitalization issuers listed on the Toronto Stock Exchange (“TSX”). The Fund invests in an equally weighted portfolio of the 6 largest Canadian banks. The Fund’s performance is not expected to mirror that of the Index, which includes a substantially larger number of companies. Furthermore, the Index’s performance is calculated without the deduction of management fees, fund expenses and trading commissions, whereas the Fund’s performance is calculated after deducting such fees and expenses. The indicated rate of return of the Fund is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Additionally, the performance of the Class A shares is impacted by the leverage provided by the preferred shares. The performance information shown is based on net asset value per Class A share, or the redemption price per preferred share and assumes that cash distributions made by the Fund during the periods shown were reinvested at net asset value per Class A share, or the redemption price per preferred share in additional Class A shares and preferred shares of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future.

Article content

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds on the TSX or other market (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

Article content

There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in the public filings available at www.sedarplus.ca. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Article content

Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

Article content