TORONTO, July 19, 2013 /CNW/ - Purpose Investments Inc. announces that
Limited Duration Investment Grade Preferred Securities Fund (the
"Fund") (TSX: PFD.UN) will pay its first distribution in the amount of
$0.171 per Class A unit and Class F unit on or before August 15, 2013
to holders of record at the close of business on July 31, 2013. This
includes the regular monthly distribution of $0.125 for July 2013 in
addition to a partial distribution of $0.046 for the period from the
closing date of the Fund's initial public offering on June 20, 2013 to
June 30, 2013. The Fund will also pay a distribution in the amount of
$0.125 per Class A unit and Class F unit on or before September 13,
2013 to holders of record at the close of business on August 30, 2013.
The Fund offers a distribution reinvestment plan ("DRIP") which provides
unitholders with the ability to automatically reinvest their
distributions and realize the benefits of compound growth of their
investment. Unitholders can enroll in the DRIP by contacting their
The Fund is managed by Purpose Investments Inc. and the portfolio is
actively managed by Nuveen Asset Management, LLC.
SOURCE: Purpose Investments Inc.
For further information:
Limited Duration Investment Grade Preferred Securities Fund
Tel: (416) 583-3850
Vice President, Marketing
Purpose Investments Inc.
Tel: (416) 583-3853