Purpose High Interest Savings Fund (TSE:PSA) Sets New 12-Month Low - Here's What Happened

Key Points

• The Purpose High Interest Savings Fund (TSE:PSA) reached a new 52-week low, trading at C$50.00, signaling a downturn in the stock's performance.
• The fund announced a monthly dividend of $0.1048 per share, with a yield of 2.5%, paid out to shareholders on September 3rd.
• Investments made by the fund primarily focus on high interest deposit accounts with chartered banks and credit unions for capital preservation and liquidity.

Shares of Purpose High Interest Savings Fund (TSE:PSA - ) hit a new 52-week low during trading on Wednesday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 118304 shares traded. The stock had previously closed at C$50.00.

Purpose High Interest Savings Fund Price Performance

The company has a 50-day moving average of C$50.06 and a 200-day moving average of C$50.06.

Purpose High Interest Savings Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.1048 per share. The ex-dividend date is Wednesday, August 27th. This represents a c) annualized dividend and a yield of 2.5%.

About Purpose High Interest Savings Fund

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions.

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