Bloom Investment Counsel Inc. Provides Update

TORONTO, ONTARIO--(Marketwired - July 30, 2015) - (TSX:CIQ.UN) Investors and investment advisors are invited to listen to an update on the Canadian High Income Equity Fund (the "Fund"), hosted by Paul Bloom, President of Bloom Investment Counsel, Inc. Investors may listen to the recording of the update call on Brompton's website at www.bromptongroup.com. The Fund is available for purchase on the Toronto Stock Exchange under the ticker symbol CIQ.UN.

The Fund is an actively managed, diversified portfolio of publicly listed or traded income producing securities, including: real estate investment trusts, common equities, preferred securities, and debt instruments, and may include a limited amount of foreign securities.

The objective of the Fund is to provide a high level of monthly distributions and the opportunity for capital appreciation. The Fund has a current distribution of $0.84 per unit per annum, representing a cash distribution of approximately 9.6% per annum, based on the closing price on July 27, 2015. The Fund has paid a total of $4.40 per unit in cash distributions since its inception.

About Brompton Funds

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2.2 billion in assets under management. Brompton's investment solutions include TSX listed closed-end funds, mutual funds, hedge funds and flow-through limited partnerships. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading platform (an "exchange"). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.