Brompton Equity Split Corp. and Dividend Growth Split Corp. Complete Merger

TORONTO, ONTARIO--(Marketwire - May 18, 2011) -

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

Brompton Funds (TSX:BE)(TSX:BE.PR.A)(TSX:DGS)(TSX:DGS.PR.A) is pleased to announce the completion of the merger of Brompton Equity Split Corp. ("BE") and Dividend Growth Split Corp. ("DGS"), effective May 18, 2011, by way of amalgamation. This merger, as described in the joint management information circular of Brompton Equity Split Corp. and Dividend Growth Split Corp. dated March 11, 2011, was approved at shareholder meetings held on April 8, 2011 and the resulting amalgamated corporation will be known as Dividend Growth Split Corp.

Each Class A share of BE was exchanged for 1.493584 Class A shares of DGS (based on the net asset value of BE Class A shares divided by the net asset value of DGS Class A shares on April 28, 2011). Each Preferred share of BE was exchanged for one Preferred share of DGS. No fractional shares were issued. The merger was implemented on a tax-deferred basis for shareholders.

Shareholders of BE are not required to take any action in order to be recognized as shareholders of DGS. Shares of DGS will continue to be traded under the symbols DGS (Class A) and DGS.PR.A (Preferred) and the BE Class A and Preferred shares will be delisted on May 20, 2011.

In addition, DGS completed a private placement of 468,480 Preferred shares at $10.30. The private placement was made in order to maintain an equal number of outstanding Preferred shares and Class A shares of DGS following its merger with BE. As a result, there was no requirement for BE to redeem any of its Class A shares. Following the merger and private placement, DGS has 6,374,149 Class A and Preferred shares outstanding.

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.

Forward-Looking Statements

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 Funds, to the future outlook of the Funds and anticipated events or results and may include statements regarding the future financial performance of the Funds. 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 for a variety of reasons, including those set forth below.

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 securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.