Brompton Top 50 Compound Growth Fund
TSX : CGF.UN

Brompton Top 50 Compound Growth Fund

June 07, 2007 11:00 ET

Brompton Top 50 Compound Growth Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - June 7, 2007) - Brompton Top 50 Compound Growth Fund (TSX:CGF.UN) intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 688,500 units of the Fund representing approximately 10% of the public float of 6,885,263 units. The Fund had 6,887,263 units issued and outstanding as at June 4, 2007. As at June 6, 2007, the Fund purchased 791,000 units under its current bid at an average price of $8.03 per unit and has cancelled such units.

The units may be purchased for cancellation from June 11, 2007 to June 10, 2008 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