TORONTO, ONTARIO -- (Marketwired) -- 02/21/18 -- (TSX: DGS)(TSX: DGS.PR.A)(TSX: LBS)(TSX: LCS)(TSX: OSP)(TSX: SBC) - Brompton Funds announces distributions payable on March 14, 2018 to class A shareholders of record at the close of business on February 28, 2018 for each of the following funds:
Amount Fund Name Ticker Per Share ---------------------------------------------------------------------------- Dividend Growth Split Corp. DGS $ 0.10 Life & Banc Split Corp. LBS $ 0.10 Brompton Lifeco Split Corp. LCS $ 0.075 Brompton Split Banc Corp. SBC $ 0.10
In accordance with its articles of incorporation in order to preserve its net asset value, the distribution for the month of February will not be paid on the class A shares of Brompton Oil Split Corp. ("OSP"). The net asset value per unit for OSP as at February 20, 2018 was $14.16. Under its articles of incorporation, cash distributions may not be paid on the class A shares, if after payment of the distribution, the net asset value per unit (consisting of one class A share and one preferred share) would be less than $15.00. OSP will re-evaluate the payment of class A share distributions in each month with the expectation that monthly distributions will be announced if the net asset value per unit meets this requirement.
Brompton Funds also announces distributions payable on March 14, 2018 to preferred shareholders of record at the close of business on February 28, 2018 for the following fund:
Amount Fund Name Ticker Per Share ---------------------------------------------------------------------------- Dividend Growth Split Corp. DGS.PR.A $ 0.13125
The funds noted above offer distribution reinvestment plans ("DRIP") which provide Class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2 billion in assets under management. Brompton's investment solutions include TSX traded funds, mutual funds, and flow-through limited partnerships. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds on the Toronto Stock Exchange or other alternative Canadian trading system (an "exchange"). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the funds. You can find more detailed information about the funds in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
Contacts:
Brompton's investor relations line
416-642-6000 (toll-free at 1-866-642-6001)
info@bromptongroup.com
www.bromptongroup.com
