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TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the final annual distributions of income and capital gains for its open-end exchange-traded funds structured as mutual fund trusts (the “Funds”) with a December 15, 2024 tax year-end. The distributions represent income earned and capital gains realized by the Funds during the year. Details of the per unit distribution amounts are as follows: ETF Series unitholders of record at the close of business on December 31, 2024 will receive the 2024 annual income distributions on January 7, 2025. The ex-distribution date for the 2024 annual income distributions will be December 31, 2024. Purpose expects to announce the final year-end notional distribution of income for Purpose Specialty Lending Trust on or about January 24, 2025, if necessary. The annual capital gains distributions for the funds listed in table above will be paid as notional distributions. With a notional distribution, the units issued from the distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution. Purpose confirms that the notional capital gain distributions will be applied to ETF holders of record as at the close of business on . The ex-distribution date for the notional capital gain distributions will be December 23, 2024. The respective unitholders of record on December 31, 2024 for the funds listed in the table above will receive the 2024 annual cash distributions on January 7, 2025. The ex-dividend date for the 2024 annual distributions for these ETFs (Purpose Active Balanced Fund – ETF Units, Purpose Active Growth Fund – ETF Units, and Purpose Active Conservative Fund – ETF Units) will be December 31, 2024. The actual breakdown of taxable amounts of reinvested and cash distributions for 2024 tax year, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2025. As an update to the press release issued on November 27, 2024, Purpose confirms that Apple (AAPL) Yield Shares Purpose ETF, Amazon (AMZN) Yield Shares Purpose ETF, NVIDIA (NVDA) Yield Shares Purpose ETF, and Microsoft (MSFT) Yield Shares Purpose ETF will not declare a special annual distribution in 2024. Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund – ETF Units, Purpose US Cash Fund – ETF Units, Purpose Cash Management Fund – ETF Units, and Purpose USD Cash Management Fund – ETF Units on or about December 31, 2024, if necessary. Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 24, 2025, if necessary. Shareholders of record on January 30, 2025 will receive the annual capital gains distributions on February 5, 2025, and such capital gains will be applicable for the 2025 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not declare annual capital gain distributions for the 2024 tax year. Purpose Investments is an asset management company with more than $21 billion 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 Keera.Hart@kaiserpartners.com 905-580-1257 This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

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Beautification Trust removes more than 23,000 tags across AucklandThe shooting of UnitedHealthcare CEO Brian Thompson in December 2024, where a 3D-printed gun was used, highlights the escalating threat of these untraceable "ghost guns." These firearms, made partially or entirely with commercially available 3D printers, are increasingly appearing in criminal activity, posing significant challenges for law enforcement and policymakers worldwide. The U.S. Supreme Court is currently reviewing the legality of federal restrictions on these weapons. The first documented criminal case involving a 3D-printed gun occurred in the UK in 2013. Since then, their prevalence has grown rapidly. Between 2017 and 2021, U.S. law enforcement seized nearly 38,000 suspected ghost guns, according to a 2024 US Bureau of Alcohol, Tobacco, Firearms and Explosives report. In 2021 alone, over 19,000 were traced, a sharp rise from just over 8,500 in 2020. New York state saw a dramatic increase from 100 seizures in 2019 to 637 in 2022. Arrests are also on the rise, with 108 globally in the first half of 2023, compared to 66 in all of 2022. North America leads in 3D-printed gun-related arrests (166 from 2013 to June 2023), followed by Europe (48) and Oceania (24). The U.S. accounts for 36% of global arrests in 2023, closely followed by Canada (34%). The UK and Australia represent 10% and 8% respectively. According to a report in The Conversation , these weapons have been linked to a wide range of groups, including far-right extremists, ethno-separatists, jihadists, left-wing anarchists, organised crime, and pro-democracy rebels. From 2019 to mid-2022, at least nine cases in Europe and Australia involved extremists, terrorists, or paramilitary groups attempting or succeeding in producing 3D-printed firearms. Analysis of 165 cases from 2013 to mid-2024 shows that 15% were terrorism-related, with far-right groups being the most frequent users. The lack of serial numbers on these homemade weapons makes them difficult to trace, a key attraction for criminals. Global regulatory approaches vary significantly. Japan strictly prohibits unauthorised firearm production, including 3D-printed guns, with severe penalties. Canada effectively banned ghost guns in 2023, requiring licenses for possession or manufacture. Australia criminalises both making and, in some states, possessing blueprints for 3D-printed firearms, with potential prison sentences of up to 21 years. The EU broadly prohibits making or owning homemade firearms, with varying laws and penalties, including criminalising possession of digital files. The UK recently updated its laws to specifically ban possessing, buying, or producing parts for 3D-printed guns, and is considering banning blueprint possession. In the U.S., the Second Amendment and First Amendment pose unique regulatory challenges. While selling 3D-printed firearms requires a federal license, producing or owning them for personal use is permitted, including 3D-printing the lower receiver. Current federal law, under Supreme Court review, requires 3D-printed gun kits to meet specific guidelines, including licensing, background checks, and serial numbers. Converting semi-automatic firearms into automatic weapons using 3D-printed "Glock switches" is illegal and carries significant penalties. State-level regulations are also emerging. By November 2024, 15 U.S. states had implemented regulations on ghost guns, typically requiring serial numbers, background checks, and reporting of 3D-printed firearm production. For example, New Jersey mandates serial numbers and registration, while New York is considering making 3D-printed firearm manufacturing a felony. As 3D printing technology advances, the challenge of regulating these weapons and mitigating the threat they pose to public safety will likely intensify. Track Latest News Live on NDTV.com and get news updates from India and around the world