Brompton Advantaged VIP Income Fund

Brompton Advantaged VIP Income Fund

April 09, 2009 09:15 ET

Brompton Advantaged VIP Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - April 9, 2009) - Brompton Advantaged VIP Income Fund (TSX:AV.UN) intends to renew its normal course issuer bid to purchase up to 1,934,900 units of the Fund representing approximately 10% of the public float of 19,349,611 units. The Fund may purchase up to 386,992 units in any 30 day period which is 2% of the 19,349,611 issued and outstanding units at April 6, 2009.

As of April 6, 2009, the Fund had purchased 290,239 units under its current bid at an average price of $9.23 per unit.

The units may be purchased for cancellation from April 14, 2009 to April 13, 2010 through the facilities of the TSX or other exchange recognized by the Ontario Securities Commission 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

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 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