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

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

Brompton Oil & Gas Income Fund
Flaherty & Crumrine Investment Grade Fixed Income Fund
TSX : FFI.UN

Flaherty & Crumrine Investment Grade Fixed Income Fund
Life & Banc Split Corp.
TSX : LBS
TSX : LBS.PR.A

Life & Banc Split Corp.

March 30, 2011 15:03 ET

Brompton Announces Closing of Warrant Offerings

TORONTO, ONTARIO--(Marketwire - March 30, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Brompton Funds Management Limited (TSX: AOG.UN)(TSX:OGF.UN)(TSX:FFI.UN)(TSX:LBS)(TSX:LBS.PR.A) is pleased to announce the closing of warrant offerings for four of its funds under management. Gross proceeds for all four offerings totaled $136.9 million, as follows:

Fund Ticker Units Issued
(millions)
  Gross Proceeds
(millions)
Brompton Advantaged Oil & Gas Income Fund AOG.UN 4.0   $ 22.8
Brompton Oil & Gas Income Fund OGF.UN 8.1   $ 45.5
Flaherty & Crumrine Investment Grade Fixed Income Fund FFI.UN 0.5   $ 5.6
Life & Banc Split Corp. LBS/LBS.PR.A 3.3   $ 63.0

The net proceeds of the warrants offerings will provide the funds with additional capital that can be used to take advantage of attractive investment opportunities. The completion of the warrant offerings is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratios of the funds.

For further information, please contact your financial advisor, call Brompton's investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) or visit our website at www.bromptonfunds.com.

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 press release does not constitute an offer to sell or the solicitation of an offer to buy Units nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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.

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 press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. 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.

Contact Information

  • Brompton Funds Management Limited
    Chris Cullen
    Senior Vice President
    (416) 642-9064