Limited Duration Investment Grade Preferred Securities Fund Declares Distribution on USD Units

TORONTO, Aug. 12, 2013 /CNW/ - Purpose Investments Inc. announces that Limited Duration Investment Grade Preferred Securities Fund (the "Fund") will pay a distribution on its U.S. dollar denominated units in the amount of U.S. $0.0889 per Class U unit and Class V unit on or before September 13, 2013 to holders of record at the close of business on August 30, 2013. This is a partial distribution for the period from the initial issue date of the Fund's Class U units and Class V units on August 9, 2013 to August 30, 2013.

The Fund offers a distribution reinvestment plan ("DRIP") which provides unitholders with the ability to automatically reinvest their distributions and realize the benefits of compound growth of their investment. Unitholders can enroll in the DRIP by contacting their investment advisor.

The Fund is managed by Purpose Investments Inc. and the portfolio is actively managed by Nuveen Asset Management, LLC. The Class U units of the Fund are listed on the Toronto Stock Exchange under the ticker PFD.U.

SOURCE: Purpose Investments Inc.