Brompton Lifeco Split Corp.
TSX : LCS
TSX : LCS.PR.A

Brompton Lifeco Split Corp.

January 19, 2010 16:31 ET

Brompton Lifeco Split Corp. Announces Distribution

TORONTO, ONTARIO--(Marketwire - Jan. 19, 2010) - Brompton Lifeco Split Corp. (TSX:LCS)(TSX:LCS.PR.A) is pleased to announce that a monthly distribution in the amount of $0.075 per class A share will be paid on February 12, 2010 to class A shareholders of record at the close of business on January 29, 2010.

Improvement in the market prices of the Canadian life insurance companies has resulted in an increase in net asset value per unit (consisting of one class A share and one preferred share) to $15.49 as at January 14, 2010, which allows the Fund to reinstate the monthly class A share distribution. In accordance with the class A share provisions and the prospectus, cash distributions may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit is greater than $15.00. The Fund will continue to monitor its net asset value per unit on a monthly basis to determine whether the Fund will pay a class A distribution in each subsequent month.

Brompton Lifeco Split Corp. also announces a distribution in the amount of $0.13125 per preferred share (LCS.PR.A) payable on February 12, 2010 to holders of record at the close of business on January 29, 2010.

For additional information concerning the Fund, please call our 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.

Contact Information

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