Brompton announces distributions. We knew DGS would be paying.... and after the announcement , the stock bounces up....
ORIGINAL: Brompton Funds Declare Distributions
2022-05-24 09:34 ET - News Release
TORONTO, May 24, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A, GDV, LBS, LCS, PWI, SBC) - Brompton Funds announces distributions payable on June 14, 2022 to class A shareholders of record at the close of business on May 31, 2022 for each of the following funds:
| Fund Name | Ticker | Amount Per Share |
| Dividend Growth Split Corp | DGS | $ | 0.10 |
| Global Dividend Growth Split Corp. | GDV | $ | 0.10 |
| Life & Banc Split Corp. | LBS | $ | 0.10 |
| Sustainable Power & Infrastructure Split Corp. | PWI | $ | 0.06667 |
| Brompton Split Banc Corp. | SBC | $ | 0.10 |
| | | |
Brompton Funds also announces distributions payable on June 14, 2022 to preferred shareholders of record at the close of business on May 31, 2022 for the following fund:
| Fund Name | Ticker | Amount Per Share |
| Dividend Growth Split Corp. | DGS.PR.A | $ | 0.1375 |
| | | |
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 investment advisor.
In accordance with its articles of incorporation in order to preserve the net asset value, the distribution for the month of May will not be paid on the class A shares of Brompton Lifeco Split Corp. ("LCS") as the net asset value per unit (consisting of one class A share and one preferred share) as at May 19, 2022 (after taking into account the potential payment of the distribution) was less than $15.00. LCS 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 of each fund meets this requirement.