BG Advantaged S&P/TSX Income Trust Index Fund
TSX : BAI.UN

BG Advantaged S&P/TSX Income Trust Index Fund

October 30, 2007 14:17 ET

BG Advantaged S&P®/TSX® Income Trust Index Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - BG Advantaged S&P®/TSX® Income Trust Index Fund (TSX:BAI.UN) intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 1,055,000 units of the Fund representing approximately 10% of the public float of 10,550,764 units. The Fund may purchase up to 211,015 units in any 30 day period which is 2% of the 10,550,764 issued and outstanding units at October 26, 2007.

As of October 26, 2007, the Fund purchased 430,600 units under its current bid at an average price of $13.24 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.

Further information on the Fund is available at www.bromptongroup.com.

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