Purpose Investments Inc. ("Purpose Investments"), a modern investment firm known for its globally innovative, client-centric products, is excited to announce the launch of Yield Shares by Purpose ("Yield Shares"), as described in the table below, the world's first yield-focused single-stock ETFs, which will begin trading today on the NEO Exchange Inc.

Yield Shares by Purpose are designed to offer investors a new tool to maximize yield in their portfolios. With Yield Shares, investors will earn enhanced monthly distribution yield through an investment in funds holding some of the world's most widely held stocks, such as Amazon, Berkshire Hathaway, and Tesla, while maintaining exposure to the underlying individual stock's performance.

"It's a turbulent economic environment right now, and with Yield Shares by Purpose, we're excited to offer Canadians the opportunity to get exposure to individual stocks like Tesla and Apple and receive enhanced monthly distributions while being invested in them," says Vlad Tasevski, Chief Operating Officer and Head of Product.

Today, Purpose Investments is launching the following five Yield Shares (the "Initial Yield Shares"):

Yield Shares are designed to provide investors with the following benefits:

• Monthly Distribution Yield: Investors will be able earn an enhanced monthly yield from their individual stock exposure in excess of any dividends declared on the underlying stock where applicable.
• Exposure to Underlying Individual Stocks: Benefit from the long-term growth potential of underlying stocks of companies like Amazon and Tesla.
• Investment in U.S. Companies Denominated in Canadian Dollars: Canadians will be able to get exposure to individual U.S. stocks through an investment denominated in Canadian dollars that hedges the U.S. dollar currency exposure.
• Tax Efficiency: Yield generated by the covered call strategy will be tax efficient in the form of capital gains.

These unique Canadian-dollar-denominated Yield Shares by Purpose will seek to generate distribution yield above any dividends payable on the underlying stock by implementing covered call option strategies (targeted at 50%) and moderate leverage (targeted at a maximum of 25% of net asset value) to earn enhanced monthly yield on sought-after global companies. Yield Shares will provide investors with a different risk-return profile compared to investing in the underlying stocks directly and can be used as additional tools to customize their portfolios.

Purpose Investments is also excited to announce the December 2022 distributions for the Initial Yield Shares:

**Distributions may vary and are subject to Purpose's discretion. The ex-distribution date for the initial December 2022 distribution will be December 23, 2022.

The Yield Shares suite is the newest offering in the firm's industry-renowned ETF and fund lineup, which includes the world's first high-interest savings ETF (TSX ticker: PSA ), award-winning active fixed-income strategies (TSX ticker: CROP ), and industry-leading structured equity funds (e.g., Purpose Structured Equity Yield Portfolio ), among others. Learn more about Purpose Investments' ETFs and funds here: www.purposeinvest.com.

*Yield Shares provide "enhanced" or higher yields in the form of additional monthly distributions compared to the underlying common stock, which pays a relatively low or no distribution yield.

About Purpose Investments
Purpose Investments is an asset management company with over $14 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
keera.hart@kaiserpartners.com
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. 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. Fund distribution levels and frequencies are not guaranteed and may vary at the Purpose Investment's sole discretion.

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.