Dividend Declared After Market Close TORONTO, Sept. 20, 2019 (GLOBE NEWSWIRE) -- (TSX: DGS, GDV, GDV.PR.A, LBS, LBS.PR.A, LCS, OSP.PR.A, SBC, SBC.PR.A,) – Brompton Funds announces distributions payable on October 15, 2019 to class A shareholders of record at the close of business on September 30, 2019 for each of the following funds:
Brompton Funds also announces distributions payable on October 15, 2019 to preferred shareholders of record at the close of business on September 30, 2019 for the following funds:
The funds noted above offer distribution reinvestment plans (“DRIP”) for class A shareholders 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 inve stment advisor.
Distributions for the class A shares of Dividend Growth Split Corp. (“DGS”) and Brompton Lifeco Split Corp. (“LCS”) are being announced for September as the net asset value per unit of each of DGS and LCS as at September 20, 2019 (after taking into account the payment of each Class A distribution) was greater than $15.00. In accordance with the articles of incorporation for DGS and LCS, cash distributions may be paid on the class A shares, if after payment of the distribution, the net asset value per unit would be greater than $15.00. Each month, DGS and LCS review whether the net asset value per unit meets this requirement in order to determine if a class A share distribution will be announced for such month.