Brompton Equity Split Corp.

Brompton Equity Split Corp.

December 18, 2007 15:57 ET

Brompton Equity Split Corp. Declares Special Class A Distributions

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - For the eleven months ended November 30, 2007, Brompton Equity Split Corp (the "Fund") (TSX:BE) has generated a total return of 14.9% and an annualized compound return of 22.2% since inception (April 16, 2004). As a result of its strong performance, the Fund has realized significant net capital gains in 2007 and announces the declaration of a special distribution in the amount of approximately $0.91 per Class A Share. This amount consists of (i) a cash distribution on the Class A Shares in the amount of $0.21 per Class A Share which approximates the income taxes payable on the special distribution; and (ii) a distribution estimated to be $0.70 per Class A Share that will automatically be reinvested in a number of Class A Shares to be determined based on the net asset value per Class A Share as of December 31, 2007. The estimated amount of $0.70 per Class A Share may change depending on any other transactions occurring before year end. Both distributions and the automatic reinvestment will be paid or be made on January 15, 2008 to Class A shareholders of record at the close of business on December 31, 2007.

Immediately thereafter, the Class A Shares will be automatically consolidated and as a result, holders of Class A Shares will hold the same number of Class A Shares after the distribution as they held before it. The adjusted cost base of a holder's Class A Shares will be increased by the amount of the portion of the distribution reinvested in shares as of the payment date thereof.

The distributions will be taxable to the recipient in the year in which they are received.

For additional information, 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 Equity Split Corp.
    David E. Roode
    Senior Vice President
    (416) 642-6008