Brompton Oil & Gas Income Fund
TSX : OGF.UN

Brompton Oil & Gas Income Fund

November 04, 2009 10:20 ET

Brompton Oil & Gas Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2009) – Brompton Oil & Gas Income Fund (TSX:OGF.UN) has renewed its normal course issuer bid to purchase up to 2,202,900 units of the Fund representing approximately 10% of the public float of 22,029,672 units. The Fund may purchase up to 441,094 units in any 30 day period which is 2% of the 22,054,684 issued and outstanding units at October 29, 2009.

As of October 29, 2009, the Fund had purchased 242,100 units under its current bid at an average price of $3.89 per unit.

The units may be purchased for cancellation from November 6, 2009 to November 5, 2010 through the facilities of the TSX or other exchange recognized by the Ontario Securities Commission 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