Brompton VIP Income Fund
TSX : VIP.UN

Brompton VIP Income Fund
Brompton Advantaged VIP Income Fund
TSX : AV.UN

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

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

Brompton Advantaged Oil & Gas Income Fund

June 04, 2009 11:33 ET

Brompton Announces Closing of Warrant Offerings

TORONTO, ONTARIO--(Marketwire - June 4, 2009) - Brompton Funds Management Limited (TSX:VIP.UN) (TSX:AV.UN) (TSX:OGF.UN) (TSX:AOG.UN) is pleased to announce the closing of warrant offerings for four of its funds under management. Gross proceeds for all four offerings totaled $244.8 million, representing 83% of the maximum available subscription. Exercises were allocated among the funds as follows:



Gross
Units Issued Proceeds
Fund Ticker (millions) (millions)
----------------------------------------------------------------------------
Brompton VIP Income Fund VIP.UN 19.6 $ 133.8
Brompton Advantaged VIP Income Fund AV.UN 7.6 $ 56.0
Brompton Oil & Gas Income Fund OGF.UN 10.2 $ 37.7
Brompton Advantaged Oil & Gas Income Fund AOG.UN 4.7 $ 17.3


Each of the funds is actively managed by MFC Global Investment Management. Alan Wicks and his team are the recipients of the 2008 and 2009 Lipper Awards in the category of Canadian Balanced Equity Funds (10-year performance). This prestigious award is granted on the basis of superior consistency and risk-adjusted returns.

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.

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
    or
    Brompton Funds Management Limited
    Investor Relations
    (416) 642-9051 or Toll Free: 1-866-642-6001
    Website: www.bromptongroup.com