Brompton Advantaged Oil & Gas Income Fund

Brompton Advantaged Oil & Gas Income Fund

March 17, 2005 10:09 ET

Brompton Advantaged Equal Weight Oil & Gas Income Fund Closes Initial Public Offering at $210 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BROMPTON ADVANTAGED EQUAL WEIGHT OIL & GAS INCOME FUND

TSX SYMBOL: AOG.UN

MARCH 17, 2005 - 10:09 ET

Brompton Advantaged Equal Weight Oil & Gas Income Fund
Closes Initial Public Offering at $210 Million

TORONTO, ONTARIO--(CCNMatthews - March 17, 2005) - Brompton Advantaged
Equal Weight Oil & Gas Income Fund (TSX:AOG.UN) is pleased to announce
that it has completed its initial public offering of 21,000,000 trust
units at a price of $10.00 per unit for gross proceeds of $210 million.

The offering was made through a syndicate of agents co-led by RBC
Capital Markets and CIBC World Markets Inc. and included BMO Nesbitt
Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD
Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital
Corporation, Desjardins Securities Inc., First Associates Investments
Inc., Raymond James Ltd., Dundee Securities Corporation, IPC Securities
Corporation, Wellington West Capital Inc., Acadian Securities
Incorporated, Newport Securities Inc., and Research Capital Corporation.

The Fund's investment objectives are to provide unitholders with the
benefits of high monthly tax advantaged cash distributions and low
management fees together with the opportunity for capital appreciation
based on the performance of an equally weighted diversified portfolio of
oil and gas income trusts. The Fund will enter into a Forward Agreement
which results in a significant portion of the Fund's distributions
consisting of return of capital for tax purposes.

The return on the Fund will be dependent upon a portfolio which will
comprise an approximate equal dollar amount of each oil and gas income
trust listed on the TSX having a market capitalization of at least $500
million and which pays a regular distribution.

The Fund's units begin trading today on the Toronto Stock Exchange under
the symbol AOG.UN.

Brompton AOG Management Limited, a member of the Brompton Group, is the
manager of the Fund. Brompton's primary business is asset management
with approximately $2.5 billion under management.

To learn more about the Fund and Brompton's other investment products,
visit our website at www.bromptongroup.com or contact your financial
advisor.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Brompton AOG Management Limited
    Donald W.C. Lillie
    President
    (416) 642-6003
    www.bromptongroup.com