Brompton 2008 Flow-Through LP

Brompton 2008 Flow-Through LP

December 17, 2008 17:15 ET

Brompton 2008 Flow-Through LP Provides Update for Limited Partners

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2008) - Brompton would like to take this opportunity to update Limited Partners with respect to their investment in Brompton 2008 Flow-Through LP. To date, the net proceeds of the offering have been invested in 18 companies including 12 publicly traded energy companies, two private energy companies and four publicly traded mining companies. As at December 11, 2008, the Fund's net asset value per unit was $18.26 which positions the fund as one of the best performing flow-through funds of those issued in 2008, particularly given the market decline of 38% for the S&P/TSX Capped Energy Index and a decline of over 70% for the S&P/TSX Capped Metals and Mining Index in 2008.

The investment success has come from Morrison Williams', the Fund's portfolio manager, disciplined investment approach and its unwillingness to invest simply for the benefit of the tax deduction. As a result, the Fund has invested at this time approximately 62% of the Fund's capital resulting in a tax deduction of approximately $15.50 per unit for 2008. The portfolio manager continues to seek out investment opportunities for the Fund, but there is no assurance that any additional investments will be made by year end. Any capital that has not been invested in flow-through shares at year end will be returned to investors as soon as practicable.

For further information please contact us by calling 416-642-9051 or via email at or by visiting 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