TORONTO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A, SBC, SBC.PR.A) Brompton Funds
Limited (the “Manager”) is pleased to announce that at special meetings of preferred and class A shareholders (“Shareholders”) of
Dividend Growth Split Corp. (“DGS”) and Brompton Split Banc Corp. (“SBC”) held today, Shareholders approved special resolutions to
implement amendments to update and modernize the investment objectives, investment strategies and investment restrictions of DGS
and SBC as well as certain other matters set out in the joint management information circular dated July 27, 2018 (the
“Circular”).
For DGS, the changes to the investment objectives, strategy and restrictions are primarily designed to
accomplish the following:
i) expand the investable universe of high quality dividend growth companies from which the portfolio manager can
select by expanding the financial metrics that may be used to analyze the portfolio constituents, including forward-looking
metrics;
ii) provide for up to 20% of the portfolio to be invested, from time to time, in global dividend growth
companies; and
iii) allow the Manager to rebalance and/or reconstitute the portfolio more frequently than annually, at its
discretion, for reasons other than the suspension of dividends, mergers or fundamental corporate actions or exceptional
circumstances, so that DGS may respond to security or market developments on a timely basis.
For SBC, the changes to the investment objectives, strategy and restrictions are primarily designed to
accomplish the following:
i) allow the Manager to rebalance and/or reconstitute the portfolio more frequently than annually, at its
discretion, for reasons other than mergers or fundamental corporate actions, so that SBC may respond to security or market
developments on a timely basis; and
ii) provide for up to 10% of the portfolio to be invested, from time to time, in global financial companies.
Further information relating to these and other changes are described in more detail in the Circular. These
changes are expected to be implemented as soon as reasonably possible.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund
manager with over $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 an investment fund 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 an 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 DGS and SBC. You can find more detailed information about DGS
and SBC 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 news release constitute forward-looking information within the meaning
of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters
identified in public filings relating to the Fund, to the future outlook of DGS or SBC and anticipated events or results and may
include statements regarding the future financial performance of DGS or SBC. 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.
