Brompton Top 50 Compound Growth Fund

Brompton Top 50 Compound Growth Fund

May 16, 2006 09:11 ET

Brompton Top 50 Compound Growth Fund Closes Initial Public Offering at $75 Million

TORONTO, ONTARIO--(CCNMatthews - May 16, 2006) - Brompton Top 50 Compound Growth Fund (the "Fund")(TSX:CGF.UN) is pleased to announce that it has completed its initial public offering of 7,500,000 trust units at a price of $10.00 per unit for gross proceeds of $75 million. The Fund's units begin trading today on the Toronto Stock Exchange under the symbol CGF.UN.

The Fund is designed to provide unitholders with the benefits of compound investment returns on a tax deferred basis, the potential for additional capital appreciation of the portfolio and the benefits of low management fees. The compound investment returns will be generated by reinvesting the distributions from an equally weighted diversified portfolio of the top 50 income trusts, as measured by current yield, which qualify for inclusion in the S&P/TSX Composite Index, in additional units of those income trusts.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Blackmont Capital Inc., Dundee Securities Corporation, Raymond James Ltd., Research Capital Corporation, IPC Securities Corporation, Wellington West Capital Inc., Acadian Securities Incorporated and Newport Securities LP.

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

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 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