TORONTO, ONTARIO--(Marketwired - Dec. 29, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Brompton Funds Limited is pleased to announce that Brompton 2017 Flow-Through Limited Partnership (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 seek to achieve capital appreciation and to provide tax benefits to investors by investing in a portfolio of resource companies primarily engaged in the oil and gas and mining sectors. The Partnership will seek to achieve this objective by investing in flow-through shares of resource companies such that limited partners will be entitled to claim certain deductions from their taxable income. Investors are expected to receive tax deductions equal to 100% of the amount invested for the 2017 taxation year.
Brompton Funds Limited will be the investment fund manager and portfolio manager of the Partnership. The portfolio management team will be led by Laura Lau, who has a proven track record in managing flow-through funds and resource assets. The team also includes Michael Clare, an experienced energy and flow-through portfolio manager who specializes in the analysis of crude oil and natural gas markets.
The syndicate of agents for the offering is being led by RBC Capital Markets and CIBC and includes TD Securities Inc., Scotiabank, BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Industrial Alliance Securities Inc., Desjardins Securities Inc., Mackie Research Capital Corporation and Echelon Wealth Partners.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $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 email@example.com or visit our website at www.bromptongroup.com.
A preliminary prospectus containing important information relating to the units has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the above-mentioned agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
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 news release and to other matters identified in public filings relating to the Partnership, to the future outlook of the Partnership and anticipated events or results and may include statements regarding the future financial performance of the Partnership. 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 of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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 news 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.