TORONTO, May 23, 2019 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A, GDV, LBS, LCS, SBC) – Brompton Funds announces distributions payable on June 14, 2019 to class A shareholders of record at the close of business on May 31, 2019 for each of the following funds:
Brompton Funds also announces distributions payable on June 14, 2019 to preferred shareholders of record at the close of business on May 31, 2019 for the following fund:
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 its 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) for LCS as at May 16, 2019 (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 meets this requirement.
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 closed-end funds and exchange-traded funds. 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 or units of the investment funds on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the shares or units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares or units 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 or units 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.
