Purpose Investments Inc. Announces Fee Reduction and Change of Sub-Advisor for Steadyhand Savings Fund

TORONTO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”), the trustee and manager of the Steadyhand Savings Fund (the “Fund”), today announced that, effective October 31, 2025, the investment advisory responsibilities for the Fund will be transitioned from Connor, Clark & Lunn Investment Management Ltd. (“CC&L”) as sub-advisor to Purpose, the Fund’s portfolio manager, with the result that Purpose will be the sole manager and investment advisor to the Fund going forward.

This change follows Purpose’s integration with Steadyhand Investment Management Ltd. earlier this year and reflects the continued alignment of Steadyhand funds within the broader Purpose platform. The Fund will seek to achieve its investment objectives by primarily investing its assets in the Purpose Cash Management Fund (“MNY”), a money market fund managed by Purpose.

In connection with the above changes, effective January 1, 2026, the Fund’s One Simple Fee will be reduced from 0.45% per annum to 0.4% per annum.

There will be no changes to the Fund’s investment objectives or risk profile, and investors will continue to benefit from professional oversight, daily liquidity, and a disciplined focus on capital preservation.

About Purpose Investments Inc.

Purpose Investments Inc. is an asset management company with over $27 billion in assets under management. Purpose has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose 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 info@purposenvest.com.

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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 guaranteed; their values change frequently, and past performance may not be repeated. There can be no assurance that the full amount of your investment in the 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.

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