Brompton Stable Income Fund
TSX : BSR.UN

Brompton Stable Income Fund

January 21, 2008 11:20 ET

Brompton Stable Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2008) - Brompton Stable Income Fund (TSX:BSR.UN) intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 404,900 units of the Fund representing approximately 10% of the public float of 4,049,844 units. The Fund may purchase up to 80,997 units in any 30 day period which is 2% of the 4,049,844 issued and outstanding units at January 16, 2008.

As of January 16, 2008, the Fund purchased 328,500 units under its current bid at an average price of $13.33 per unit and has cancelled such units.

The units may be purchased for cancellation from January 24, 2008 to January 23, 2009 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