Investors Gain a New Way to Earn Monthly Distributions and Exposure to Common Shares of JPMorgan Chase & Co. as Purpose Launches Yield Shares (JPYS) ETF

Core Insights - Purpose Investments has launched a new single-stock income-focused ETF, the Yield Shares (JPYS) Purpose ETF, providing targeted exposure to JPMorgan Chase & Co, aimed at enhancing monthly income for investors [1][5] - The Fund employs a systematic covered call strategy and moderate leverage to deliver enhanced monthly income while focusing on long-term returns [2][7] Company Overview - Purpose Investments is an asset management firm with approximately $27 billion in assets under management, emphasizing client-centric innovation and a range of investment products [6] - The Yield Shares ETF suite has expanded to 29 ETFs since its inception in December 2022, establishing itself as a leading platform for yield-focused strategies across various asset classes [4][8] Investment Strategy - The Yield Shares (JPYS) Purpose ETF aims to provide enhanced monthly distributions while maintaining exposure to JPMorgan shares, allowing investors to benefit from the bank's long-term growth potential [7] - The Fund is designed to generate tax-efficient distributions, which include capital gains, dividends, and return of capital, typically taxed more favorably than interest income [7] Market Position - The new ETF reinforces Purpose Investments' position as a leader in the Canadian market for single-stock income ETFs, being the first to launch such a product in Canada [8]