Brompton Oil & Gas Income Fund

Brompton Oil & Gas Income Fund

April 19, 2007 17:01 ET

Brompton Equal Weight Oil & Gas Income Fund Declares Distribution

TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) - Brompton Equal Weight Oil & Gas Income Fund (TSX:OGF.UN) announces the distribution rate of $0.0859 for record dates in April to June 2007. The distribution rate represents a reduction from the amount of $0.1050 paid in January through March 2007 due to distribution decreases during Q1 2007 from royalty trusts included in the portfolio, particularly those with a greater portion of production tied to natural gas. Natural gas prices decreased by 45% in 2006. Some of the distribution decreases by the royalty trusts also reflect decisions by their management and board of directors to reduce their payout ratios, typically to retain more cash for drilling and development opportunities.

Record Dates and Payment Dates are as follows:

Record Date Payment Date
----------- ------------
April 30, 2007 May 14, 2007
May 31, 2007 June 14, 2007
June 29, 2007 July 16, 2007

For additional information, including the Fund's portfolio, please visit our website 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