Brompton VIP Income Fund
TSX : VIP.UN

Brompton VIP Income Fund
Brompton Stable Income Fund
TSX : BSR.UN

Brompton Stable Income Fund
Brompton Equal Weight Income Fund
TSX : EWI.UN

Brompton Equal Weight Income Fund
Business Trust Equal Weight Income Fund
TSX : BWI.UN

Business Trust Equal Weight Income Fund
Brompton Equity Split Corp.
TSX : BE.PR.A
TSX : BE

Brompton Equity Split Corp.
Flaherty & Crumrine Investment Grade Preferred Fund
TSX : FAC.UN

Flaherty & Crumrine Investment Grade Preferred Fund
Brompton Equal Weight Oil & Gas Income Fund
TSX : OGF.UN

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

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

Brompton Advantaged Oil & Gas Income Fund
Brompton Tracker Fund
TSX : BTF.UN

Brompton Tracker Fund
Brompton Split Banc Corp.
TSX : SBC.PR.A
TSX : SBC

Brompton Split Banc Corp.
Brompton Advantaged Tracker Fund
TSX : ATF.UN

Brompton Advantaged Tracker Fund
YEARS Financial Trust
TSX : YTU.UN

YEARS Financial Trust
Brompton Top 50 Compund Growth Fund
TSX : CGF.UN

Life & Banc Split Corp.
TSX : LBS
TSX : LBS.PR.A

Life & Banc Split Corp.
BG Advanataged Corporate Bond Fund
TSX : BAC.UN

BG Advantaged Equal Weighted Income Fund
TSX : BAE.UN

BG Advantaged Equal Weighted Income Fund
BG Advanataged S&P/TSX Income Trust Index Fund
TSX : BAI.UN

BG Income + Growth Split Trust
TSX : BDS.UN
TSX : BDS.PR.A

BG Income + Growth Split Trust
BG Top 100 Equal Weighted Income Fund
TSX : BTH.UN

BG Top 100 Equal Weighted Income Fund
Brompton Lifeco Split Corp.
TSX : LCS
TSX : LCS.PR.A

Brompton Lifeco Split Corp.

April 23, 2007 15:16 ET

Brompton Announces Initial Members of Independent Review Committee

TORONTO, ONTARIO--(CCNMatthews - April 23, 2007) - Brompton Funds Management Limited ("BFML") (TSX:VIP.UN)(TSX:BSR.UN)(TSX:EWI.UN)(TSX:BWI.UN)(TSX:BE)(TSX:BE.PR.A)(TSX:FAC.UN)(TSX:OGF.UN)(TSX:FFI.UN)(TSX:AOG.UN)(TSX:BTF.UN)(TSX:SBC)(TSX:SBC.PR.A)(TSX:ATF.UN)(TSX:YTU.UN)(TSX:CGF.UN)(TSX:LBS)(TSX:LBS.PR.A)(TSX:BAC.UN)(TSX:BAE.UN)(TSX:BAI.UN)(TSX:BDS.UN)(TSX:BDS.PR.A)(TSX:BTH.UN)(TSX:LCS)(TSX:LCS.PR.A) announced today the appointment of the initial members of the independent review committee ("IRC") under National Instrument 81-107, Independent Review Committee for Investment Funds ("NI 81-107") in respect of each of the Brompton investment funds (the "Brompton Funds") managed by BFML. The three member IRC comprises Mr. James W, Davie, Mr. Arthur R.A. Scace and Mr. Ken S. Woolner. Each member is a former independent director of BFML and each corporate Brompton Fund. BFML also acknowledges the valuable contribution of Mr. P. Michael Nedham who has resigned his position as a director of BFML and each corporate Brompton Fund. Under NI 81-107, the initial members of the IRC must be appointed by May 1, 2007 and full compliance with NI 81-107 must be achieved by November 1, 2007.

"We are pleased to announce the initial members of the IRC and look forward to working with them in the coming months to establish full compliance with this instrument. Brompton has always been committed to high standards of corporate governance which will continue to be implemented through the independent oversight of conflict of interest matters which the IRC will provide", stated Mark Caranci, President and Chief Executive Officer of BFML.

BFML also announced that the board of directors of BFML and each corporate Brompton Fund now comprises Mr. Peter A. Braaten, Mr. Mark A. Caranci and Mr. Raymond R. Pether who also serve in other capacities within the Brompton group. Mr. Mark A. Caranci was also appointed Chief Executive Officer taking the place of Mr. Raymond R. Pether who resigned from such position.

For additional information, including each fund's portfolio, please visit our website 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