Flaherty & Crumrine Investment Grade Fixed Income Fund
TSX : FFI.UN

Flaherty & Crumrine Investment Grade Fixed Income Fund

September 18, 2009 16:12 ET

Brompton Announces Closing of Warrant Offering

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2009) - Brompton Funds Management Limited is pleased to announce the closing of the warrant offering for Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN) which was fully subscribed. Gross proceeds of the offering totaled $43.8 million, and the additional subscription privilege was approximately six times over-subscribed.

The net proceeds of the warrant offering will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities. The completion of the warrant offering is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the fund.

For further information, please contact your financial advisor, call Brompton's investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) or visit our website 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.

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 the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. 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.

Forward-looking statements in this press release include among other things, the opinion of the portfolio manager. While we consider these assumptions to be reasonable based on information currently available to the portfolio manager, they may prove to be incorrect. There are no assurances that the actual outcomes will match the forward-looking statements as a result of a number of risks and uncertainties that could cause actual results to differ materially from what we currently expect. Other than as required under securities laws, we do not undertake to update this information at any particular time.

Contact Information

  • Brompton Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008