Exchange Bulletin

Purpose Multi-Strategy Market Neutral Fund (PMM) To Trade On Toronto Stock Exchange


October 14, 2014

Purpose Multi-Strategy Market Neutral Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of 250,000 ETF Units of the Fund, all of which will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.

Listing of the ETF Units will become effective at 5:01 p.m. on on Friday, October 10, 2014, as the offering will close prior to the opening on Tuesday, October 14, 2014. The ETF Units will be posted for trading at the opening on Tuesday, October 14, 2014 upon confirmation of the closing.

ETF Units of the Fund are offered on a continuous basis and the Fund is entitled to issue an unlimited number of ETF Units. Each ETF Unit represents an equal beneficial interest in the Fund. The Fund has several classes of unlisted mutual fund units.

The registration and transfer of ETF Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the Fund will not have the right to receive physical certificates evidencing their ownership of the ETF Units.

Additional information on the Units may be found in the final prospectus dated July 28, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "PMM" CUSIP: 74640H 10 3 Trading Currency: CDN$



Designated Market Maker: National Bank Financial Inc.
Other Markets: None
Head Office Address: 77 King Street West
TD North Tower, 21st Floor
Toronto, Ontario
M5K 1G8
Website: www.purposeinvest.com
Telephone Number: (416) 583-3850
Fax Number: (416) 583-3851
Investor Relations: Som Seif
Tel: (416) 583-3856
info@purposeinvest.com

-or-

Scott Bartholomew
Tel: (416) 583-3857
info@purposeinvest.com
Chief Financial Officer: Scott Bartholomew
Corporate Secretary: Lara Misner
Incorporation: The Fund is a mutual fund trust established as a trust under the laws of the Province of Ontario.
Manager: Purpose Investments Inc.
Fiscal Year End: December 31
Nature of Business: The Fund seeks to achieve its investment objectives by investing in long and short positions across multiple asset classes, which may include, but are not limited to, equity securities, fixed income securities, commodities and currencies. The Fund's investment strategy is designed to provide market-neutral returns that are non-correlated to the broader equity and fixed income markets.
Transfer Agent & Registrar: Equity Financial Trust Company at its principal office in Toronto.
No Switching of ETF Units: Unitholders may not switch ETF Units or Mutual Fund Units of the Fund for ETF Shares or Mutual Fund Shares of any Purpose Corporate Fund and a holder of ETF Shares or Mutual Fund Shares of a Purpose Corporate Fund may not switch its ETF Shares or Mutual Fund Shares of a Purpose Corporate Fund for ETF Units or Mutual Fund Units of the Fund. Holders of Mutual Fund Units of the Fund may convert units of any class into units of any other class of the Fund.
Dividends: The Fund expects to pay cash distributions on ETF Units on an annual basis, if at all. Cash distributions on ETF Units of the Fund are expected to be paid primarily out of dividends or distributions, and other income or gains, received by the Fund less the expenses of the Fund, but may also consist of non-taxable amounts including return of capital, which may be paid in the Manager's sole discretion. To the extent that the expenses of the Fund exceed the income generated by the Fund in any given year, it is not expected that an annual distribution will be paid.
Initial Issuance of ETF shares: Pursuant to the terms of the Prospectus, ETF Units will be issued and sold on a continuous basis and there will be no maximum number of ETF Units that may be issued. ETF Units sold in connection with the initial public offering for the Fund will amount to 250,000 ETF Units at a price of $20.00 per Unit.