Brompton Advantaged Oil & Gas Income Fund
TSX : AOG.UN

Brompton Advantaged Oil & Gas Income Fund

April 05, 2006 14:56 ET

Brompton Advantaged Equal Weight Oil & Gas Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - April 5, 2006) - Brompton Advantaged Equal Weight Oil & Gas Income Fund (TSX:AOG.UN) intends to renew its normal course issuer bid through the facilities of the Toronto Stock Exchange to purchase up to 2,007,900 units of the Fund representing approximately 10% of the public float of 20,079,637 units. The Fund had 20,094,307 units issued and outstanding as at March 29, 2006. Since April 11, 2005, the Fund has purchased 185,200 units under its current bid at an average price of $10.01 per unit and has subsequently cancelled such units.

The units may be purchased for cancellation from April 11, 2006 to April 10, 2007 through the facilities of the Toronto Stock Exchange and may only be purchased at a price per unit not exceeding the last published net asset value per unit. Purchases pursuant to the normal course issuer bid would be accretive and therefore enhance returns to continuing unitholders.

Contact Information

  • Brompton AOG Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008