Brompton Lifeco Split Corp.
TSX : LCS

Brompton Lifeco Split Corp.

November 18, 2009 17:05 ET

Brompton Lifeco Split Corp. Suspends Class A Distribution

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - In accordance with its articles of incorporation and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of November will not be paid on the class A shares of Brompton Lifeco Split Corp. (TSX:LCS). Under the articles of incorporation, no cash distribution may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit (consisting of one class A share and one preferred share) would be less than $15.00. The net asset value per unit as at November 12, 2009 was $13.90. The Fund will re-evaluate the payment of class A share distributions in each subsequent month with the expectation that normal monthly distributions will resume and a press release will be issued if the net asset value per unit is in excess of $15.00 prior to declaration.

In accordance with the Preferred Share Provisions, regular quarterly preferred share dividends will continue to be paid.

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