Brompton Advantaged VIP Income Fund
TSX : AV.UN

Brompton Advantaged VIP Income Fund

October 10, 2008 09:50 ET

Brompton Advantaged VIP Income Fund Amends Its Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2008) - Brompton Advantaged VIP Income Fund (TSX:AV.UN) intends to amend its normal course issuer bid through the facilities of the TSX to increase the purchases available under the bid to 1,950,500 units of the Fund representing approximately 10% of the public float of 19,505,580 units. The Fund may purchase up to 390,112 units in any 30 day period which is 2% of the 19,505,580 issued and outstanding units at October 8, 2008.

As of October 8, 2008, the Fund purchased 132,939 units under its current bid at an average price of $11.66 per unit and has cancelled such units.

The issuer bid will expire on April 13, 2009 and be conducted through the facilities of the TSX and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008
    Website: www.bromptongroup.com