Blue Ribbon Income Fund

Blue Ribbon Income Fund

March 31, 2011 17:02 ET

Blue Ribbon Income Fund Files Final Prospectus for Warrants Offering

TORONTO, ONTARIO--(Marketwire - March 31, 2011) -


Blue Ribbon Income Fund (TSX:RBN.UN) is pleased to announce that it has filed a final prospectus for an offering of warrants to unitholders of the Fund. Each unitholder of record on April 15, 2011 will receive two warrants for every five units held.

One warrant will entitle the holder to purchase a unit upon payment of the subscription price. The subscription price will be $11.33, which is equal to the sum of the most recently calculated NAV per unit prior to the date of filing the preliminary prospectus, and the estimated per-unit fees and expenses of the offering. 

Warrants may be exercised on or before August 25, 2011, the expiry date. The Fund has applied to list the warrants (under the ticker symbol RBN.WT.A) and the units issuable on the exercise thereof on the TSX. Warrants will be distributed to client accounts on a best-efforts basis after the April 15, 2011 record date.

Successful completion of the warrants offering will provide the Fund with additional capital that can be used to take advantage of attractive investment opportunities, and it is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the Fund.

For further information, please contact your financial advisor, call Brompton's 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.

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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

Contact Information

  • Brompton Funds Management Limited
    Chris Cullen
    Senior Vice President
    (416) 642-9064