Brompton 2008 Flow-Through LP

Brompton 2008 Flow-Through LP

December 20, 2007 15:04 ET

Brompton 2008 Flow-Through LP Announces Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Dec. 20, 2007) - Brompton Funds Management Limited (the "Manager") is pleased to announce that Brompton 2008 Flow-Through LP (the "Partnership") has filed a preliminary prospectus in respect of an initial public offering of Units. The offering will be made in each of the provinces and territories of Canada.

The Partnership has been created to provide investors with the opportunity for capital appreciation by investing on a tax-advantaged basis in a diversified portfolio of resource issuers engaged in the oil & gas and mining sectors. The Partnership will seek to achieve this objective by investing in flow-through shares of resource issuers such that Limited Partners will be entitled to claim certain deductions from their taxable income. The Manager expects investors to receive tax deductions equal to 100% of the amount invested for the 2008 taxation year.

Morrison Williams Investment Management LP has been engaged by the Manager as the Portfolio Manager to the Partnership. Morrison Williams offers discretionary investment management services to pension funds, mutual funds, high net worth individuals and other third parties and has total assets under management of approximately $4.3 billion which includes approximately $900 million in resource companies. Morrison Williams is also the portfolio manager of the Renaissance Millennium Next Generation Fund and the Renaissance Millennium High Income Fund. In addition, officers and directors of Brompton have over 20 years of experience in the financing of flow-through shares and the management of flow-through funds. Accordingly, the Manager will assist the Portfolio Manager in sourcing investment opportunities for the Partnership.

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

For further information, please contact your financial advisor or visit our website at

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    David Roode
    Senior Vice President
    (416) 642-6008