Latest news with #SomSeif
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Purpose Investments Inc. Announces July 2025 Distributions
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of July 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is July 29, 2025. The ex-distribution date for all closed-end funds is July 31, 2025. Estimated July 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The July 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Purpose expects to issue a press release on or about July 28, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be July 29, 2025. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $24 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 Hart 905-580-1257 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.
Hamilton Spectator
19-06-2025
- Business
- Hamilton Spectator
Purpose Investments Announces 0% Management Fee Until February 1, 2026, for Newly Launched Purpose XRP ETF
TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose' or 'Purpose Investments'), Canada's leading digital asset ETF manager and the firm behind the world's first spot Bitcoin ETF, today announced a management fee holiday for its newly launched Purpose XRP ETF . Effective immediately, the ETF's management fee will be fully waived until February 1, 2026. The Purpose XRP ETF offers investors spot exposure to XRP – the native token of the XRP Ledger, a decentralized blockchain built to enable fast, low-cost global payments. It is the only XRP ETF in Canada offering CAD-hedged units and is designed to help investors access digital assets securely and transparently through a regulated vehicle. 'XRP's real-world utility and global relevance continue to drive interest, and we want to make it even easier for Canadian investors to access this digital asset via ETF,' said Vlad Tasevski, Chief Innovation Officer at Purpose. 'By fully waiving the management fee until early 2026, we're reinforcing our commitment to simple and effective access to novel digital asset solutions that help investors cut through complexity.' All units of the ETF – CAD-hedged (TSX: XRPP), CAD non-hedged (TSX: XRPP.B), and USD (TSX: XRPP.U) – are included in the fee holiday. Additionally, to provide investors long-term confidence, following the fee holiday period ending in February 2026, the fund's total Management Expense Ratio (MER) will be capped at 0.89%*. To learn more about the Purpose XRP ETF and the full lineup of Purpose's digital asset solutions, please visit . About Purpose Investments Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif. For further information, please email us at info@ . Media inquiries: Keera Hart 905-580-1257 *The MER cap is implemented at the discretion of Purpose Investments and is subject to change at any time. Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Copies of the Prospectus may be obtained from . 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. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you. 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 that 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.
Hamilton Spectator
18-06-2025
- Business
- Hamilton Spectator
Purpose XRP ETF Receives OSC Receipt, Set to Launch on TSX on Wednesday, June 18, 2025
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce that it has received a final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada. The ETF is expected to begin trading on the Toronto Stock Exchange under the ticker XRPP on Wednesday, June 18. The Purpose XRP ETF will offer investors direct exposure to spot XRP, the native token of the XRP Ledger – a decentralized, open-source blockchain designed to facilitate fast and cost-effective cross-border payments. With this approval, Purpose continues to broaden access to digital assets through regulated and transparent investment vehicles. 'The OSC's granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada's global leadership in building a regulated digital asset ecosystem,' said Vlad Tasevski, Chief Innovation Officer at Purpose Investments. 'We're proud to continue pushing the boundaries of what's possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.' The ETF will be available in CAD-hedged (ticker XRPP), CAD non-hedged (ticker XRPP.B), and US dollar (ticker XRPP.U) units, and will be eligible for holding in registered accounts such as TFSAs and RRSPs. About Purpose Investments Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif. For further information, please email us at info@ . Media inquiries: Keera Hart 905-580-1257 This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from . Investors should read the prospectus before making an investment decision. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice. Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. 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. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you. 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 that 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.
Hamilton Spectator
18-06-2025
- Business
- Hamilton Spectator
Purpose Investments Inc. Announces June 2025 Distributions
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of June 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is June 26, 2025. The ex-distribution date for all closed-end funds is June 30, 2025. Estimated June 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The June 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Purpose expects to issue a press release on or about June 25, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be June 26, 2025. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $21 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 Hart 905-580-1257 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.
Hamilton Spectator
10-06-2025
- Business
- Hamilton Spectator
Purpose Unlimited Announces Completion of Steadyhand Acquisition
TORONTO, June 10, 2025 (GLOBE NEWSWIRE) — Purpose Unlimited Inc. ('Purpose' or 'Purpose Unlimited'), a rapidly growing Canadian financial services firm, announced today that it has completed its acquisition of Steadyhand Investment Management Ltd. and Steadyhand Investment Funds Inc. (collectively, 'Steadyhand'), an independent Vancouver-based wealth management firm with approximately $1.3 billion in assets serving Canadian investors. 'We're excited to begin this new chapter with Steadyhand,' said Som Seif, founder and CEO of Purpose Unlimited. 'Steadyhand has earned a remarkable reputation for putting investors first, with a disciplined, outcome-focused approach and exceptional client care. While Purpose brings a broader platform and an innovative mindset, we've long respected how Steadyhand serves its clients—and we're committed to preserving what makes it unique, while working together to enhance what's possible for Canadians as we grow together.' The acquisition results in Steadyhand becoming wholly owned by Purpose, bringing together the companies' resources, management teams, and product offerings and increasing Purpose's total assets to over $30 billion on its platform. Following the closing of the acquisition, all investment funds and portfolios previously managed by Steadyhand Investment Management Ltd. will now be managed by Purpose Investments Inc., Purpose's asset management business and a wholly owned subsidiary of Purpose. 'Our clients' success has always been our north star,' said Tom Bradley, Chair and co-founder of Steadyhand. 'Joining forces with Purpose allows us to deepen that commitment, while maintaining the independence and integrity that have defined Steadyhand since day one.' About Purpose Unlimited Purpose Unlimited is a bold collective reshaping the future of finance to empower Canadians—advisors, investors, and entrepreneurs alike—to live with confidence and pursue their dreams. Founded and led by entrepreneur Som Seif, Purpose is redefining the financial industry by putting people first and delivering innovative solutions that shape the future of finance. With cutting-edge technology and a diverse suite of products and services, Purpose gives Canadians the tools, insights, and confidence they need to go further—whether it's growing their wealth, building their business, or helping others invest. Purpose's businesses span asset and wealth management and small business financing, including Purpose Investments, Driven by Purpose, Advisor Solutions by Purpose, and Longevity. For more information, visit . About Steadyhand Steadyhand is a low-fee investment firm with a mission of providing Canadians with a better investing outcome and a simpler, more personalized experience. It offers clear-cut advice, customized plans, and most importantly, a steady hand, to help investors achieve their financial goals. Steadyhand has approximately $1.3 billion of assets under management with offices in Vancouver and Toronto. For further information, please contact: Jeff Gans Chief Client Officer Purpose Unlimited For media inquiries, contact: Keera Hart 905-580-1257
