PRP Purpose Conservative Income Fund

Purpose Investments Inc. is pleased to announce the following distributions for the month of October 2017. The ex-distribution date for all funds is October 30, 2017, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex-distribution date of October 31, 2017.

Open-End Funds	TSXSymbol	Distribution per share/unit		RecordDate	PayableDate	DistributionFrequency
Purpose Core Dividend Fund - ETF Series	PDF	$0.08501		10/31/2017	11/07/2017	Monthly
Purpose Total Return Bond Fund - ETF Series	PBD	$0.07701		10/31/2017	11/07/2017	Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series	PHR	$0.08001		10/31/2017	11/07/2017	Monthly
Purpose Monthly Income Fund - ETF Series	PIN	$0.08301		10/31/2017	11/07/2017	Monthly
Purpose Premium Yield Fund – ETF Series	PYF	$0.08301		10/31/2017	11/07/2017	Monthly
Purpose Canadian Financial Income Fund – ETF Series	BNC	$0.08001		10/31/2017	11/07/2017	Monthly
Purpose Conservative Income Fund – ETF Series	PRP	$0.05001		10/31/2017	11/07/2017	Monthly
Purpose International Dividend Fund – ETF Units	PID	$0.0662		10/31/2017	11/07/2017	Monthly
Purpose US Dividend Fund – ETF Units	PUD	$0.0600		10/31/2017	11/07/2017	Monthly
Purpose US Dividend Fund Non-Currency Hedged – ETF Units	PUD.B	$0.0687		10/31/2017	11/07/2017	Monthly
Purpose Tactical Investment Grade Bond Fund – ETF Units	BND	$0.0600		10/31/2017	11/07/2017	Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units	SBND	$0.0600		10/31/2017	11/07/2017	Monthly
Purpose High Interest Savings ETF	PSA	$0.0505		10/31/2017	11/07/2017	Monthly
Purpose US Cash ETF	PSU.U	US$ 0.0940		10/31/2017	11/07/2017	Monthly
Closed-End Funds	TSXSymbol	Distributionper share/unit		RecordDate	PayableDate	Distribution Frequency
Energy Credit Opportunities Income Fund – Class A	PCF.UN	$0.0500		10/31/2017	11/15/2017	Monthly
Energy Credit Opportunities Income Fund – Class U	PCF.U	US$ 0.0500		10/31/2017	11/15/2017	Monthly
Investment Grade Managed Duration Income Fund – Class T	PFU.UN	$0.0417		10/31/2017	11/15/2017	Monthly
Investment Grade Managed Duration Income Fund – Class A	unlisted	$0.0417		10/31/2017	11/15/2017	Monthly
Investment Grade Managed Duration Income Fund – Class A2	unlisted	$0.0417		10/31/2017	11/15/2017	Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class A	PFD.UN	$0.1250		10/31/2017	11/15/2017	Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class F	unlisted	$0.1250		10/31/2017	11/15/2017	Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class U	PFD.U	US$ 0.1198		10/31/2017	11/15/2017	Monthly
Limited Duration Investment Grade Preferred Securities Fund - Class V	unlisted	US$ 0.1198		10/31/2017	11/15/2017	Monthly
U.S. Banks Income & Growth Fund – Class T	PUB.UN	$0.0417		10/31/2017	11/15/2017	Monthly
U.S. Banks Income & Growth Fund – Class A	unlisted	$0.0417		10/31/2017	11/15/2017	Monthly
U.S. Banks Income & Growth Fund – Class A2	unlisted	$0.0417		10/31/2017	11/15/2017	Monthly

(1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

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 $3.5 billion in assets under management and currently offers 35 exchange traded funds and mutual funds and 7 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

For further information please contact: Nancy TurnerPurpose Investments Inc. Tel: (877) 789-1517 Email: info@purposeinvest.com

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.