Purpose posts September distributions for Canadian Yield Shares ETFs

Asset manager outlines September distributions for its single-stock covered call lineup, with record date on Sept. 25 and payment on Oct. 2.

Asfa Nadeem
By
Asfa Nadeem - Finance Reporter
3 Min Read

Purpose Investments released September distribution amounts for its open-end ETFs and closed-end funds, including the firm’s Canadian Yield Shares lineup that writes options on individual large-cap names.

The ex-distribution date for the open-end funds is Sept. 25, with cash payable on Oct. 2. Closed-end funds go ex-distribution on Sept. 30 and pay on Oct. 14.

Payout details for Yield Shares lineup

Yield Shares Lineup

ETF NameTickerDistribution (per unit)
NVIDIA Yield Shares Purpose ETFYNVD$0.75
Tesla Yield Shares Purpose ETFYTSL$0.60
Coinbase Yield Shares Purpose ETFYCON$0.35
Apple Yield Shares Purpose ETFAPLY$0.1667
Microsoft Yield Shares Purpose ETFMSFY$0.15
Alphabet Yield Shares Purpose ETFYGOG$0.28
AMD Yield Shares Purpose ETFYAMD$0.30
Meta Yield Shares Purpose ETFYMET$0.30
Netflix Yield Shares Purpose ETFYNET$0.25
Costco Yield Shares Purpose ETFYCST$0.16
Broadcom Yield Shares Purpose ETFYAVG$0.22
Palantir Yield Shares Purpose ETFYPLT$0.40
UnitedHealth Group Yield Shares Purpose ETFYUNH$0.15

Multi-Asset & Credit Strategies

Fund NameTickerDistribution (per unit)
Purpose Strategic Yield FundSYLD$0.0970
Purpose Multi-Asset Income FundPINC$0.0840
Purpose Active Balanced Fund (Quarterly)PABF
Purpose Diversified Real Asset Fund (Quarterly)PRA

Crypto-Income Funds

Fund NameTickerDistribution (per unit)
Purpose Bitcoin Yield ETF (CAD hedged)BTCY$0.0850
Purpose Bitcoin Yield ETF (USD units)BTCY$0.0815
Purpose Ether Yield ETF (CAD hedged)ETHY$0.0473

Cash Management & Savings Funds (Preliminary Estimates)

Fund NameTickerDistribution (per unit)
Purpose Cash Management FundMNY$0.2127
Purpose USD Cash Management FundMNU.U$0.3384
Purpose High Interest Savings FundPSA$0.1023
Purpose US Cash FundPSU.U$0.3348

The Yield Shares suite aims to convert single-stock volatility into current income by selling covered calls on well-known equities that approach can damp performance during sharp rallies in the underlying shares, but it has appealed to income-focused investors who want equity exposure with a steadier cash stream.

The declared amounts vary month to month with option premiums and market conditions, so the figures announced for September should be viewed in that context rather than as fixed targets.

This month’s distribution update lands as other Canadian ETF providers release their own September cash schedules, giving investors a broader view of income opportunities across issuers.

Earlier this week, Vanguard Canada set September cash distributions for select ETFs, and Mackenzie Investments announced September 2025 cash distributions for its ETFs.

Those updates, together with Purpose’s disclosure, help investors compare forward yields, ex-dates, and payment timing across core holdings and specialty income products.

Purpose also posted distribution figures for preferred share strategies and split corp securities. Big Banc Split Corp listed $0.1200 for Class A shares and $0.0700 for preferreds, both on a monthly cadence.

Share This Article
Finance Reporter
Follow:

After earning her Master of Financial Risk Management, Asfa Nadeem stepped into the newsroom and made volatility feel readable, following money across banks and markets and writing with a steady voice that blends curiosity, discipline, and a quiet wit that keeps her work engaging. She interviews investors and policy voices. A line I carry with me is this. Tie your camel, then trust in God. It reminds me to do the work and to keep faith in what follows.