BG Advantaged Corporate Bond Fund
TSX : BAC.UN

BG Advantaged Corporate Bond Fund

October 30, 2007 12:15 ET

BG Advantaged Corporate Bond Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - (TSX:BAC.UN) BG Advantaged Corporate Bond Fund intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 514,900 units of the Fund representing approximately 10% of the public float of 5,149,975 units. The Fund may purchase up to 102,999 units in any 30 day period which is 2% of the 5,149,975 issued and outstanding units at October 26, 2007.

As of October 26, 2007, the Fund purchased 282,300 units under its current bid at an average price of $8.37 per unit and has cancelled such units.

The units may be purchased for cancellation from November 1, 2007 to October 31, 2008 through the facilities of the TSX and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008
    Website: www.bromptongroup.com