Brompton Funds Declare Distributions
TORONTO, ONTARIO–(Marketwired – Feb. 21, 2018) - (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:
|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 $15.00. OSP will re-evaluate the payment of class A share distributions in each month with the expectation that monthly distributions will be announced if the net asset value per unit meets this requirement.
Brompton Funds also announces distributions payable on March 14, 2018 to preferred shareholders of record at the close of business on February 28, 2018 for the following fund:
|Dividend Growth Split Corp.||DGS.PR.A||$||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 firstname.lastname@example.org or visit our website at www.bromptongroup.com.
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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.
416-642-6000 (toll-free at 1-866-642-6001)