TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) announced today that it has decided to terminate Purpose Marijuana Opportunities Fund (“the Fund”) at the close of business on or about March 14, 2025 (the “Termination Date”). It is anticipated that the ETF units of Purpose Marijuana Opportunities Fund will be voluntarily delisted […]
Purpose Investments is terminating its Purpose Marijuana Opportunities Fund due to low assets under management, making it inefficient to operate according to its investment objectives.
Unitholders can choose to redeem their Units at their net asset value before the Fund closes on March 14, 2025. Any remaining Units will be automatically redeemed at that time.
The decision aims to be in the best interest of unitholders. Purpose encourages them to consult their financial advisors to understand the financial and tax implications of this termination.
Purpose Investments is terminating its Purpose Marijuana Opportunities Fund due to low assets under management, making it inefficient to operate according to its investment objectives. Unitholders can choose to redeem their Units at their net asset value before the Fund closes on March 14, 2025. Any remaining Units will be automatically redeemed at that time. The decision aims to be in the best interest of unitholders. Purpose encourages them to consult their financial advisors to understand the financial and tax implications of this termination.