TORONTO, Jan.  02, 2018  (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the launch of Purpose Enhanced Dividend Fund (TSX:PDIV), a new strategy that combines our successful high-quality North American dividend strategy with a tactical covered-call option strategy designed to optimize the trade-off between premium generation and limiting upside appreciation. Purpose has completed the initial public offering of ETF shares and the Fund will commence trading on the Toronto Stock Exchange today under the ticker symbol “PDIV”.

"Investors recognize the crucial role dividends can play in their portfolios. However, in a world of lofty valuations and flat to rising interest rates, strategies that seek to enhance income and lower volatility can be a meaningful way to help manage risk," said Som Seif, President and Chief Executive Officer of Purpose Investments.

Purpose Enhanced Dividend Fund
Purpose Enhanced Dividend Fund is designed to provide higher dividend equity income and lower risk by combining our successful high-quality North American dividend strategy with a tactical covered-call option strategy designed to optimize the trade-off between premium generation and limiting upside appreciation.

About Purpose Investments Inc.

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees.  Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors.  Purpose has over $4.9 billion in assets under management and currently offers 50 exchange traded funds and mutual funds and 16 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

For further information please contact:

Nancy Turner

Purpose Investments Inc.
 Tel: (877) 789-1517
 Email: [email protected]

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. 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.