Brompton MVP Income Fund
TSX : MVP.UN

Brompton MVP Income Fund

October 31, 2005 14:42 ET

Brompton MVP Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - Oct. 31, 2005) - Brompton MVP Income Fund (TSX:MVP.UN) intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 384,800 units of the Fund representing approximately 10% of the public float of 3,848,423 units. The Fund had 3,883,552 issued and outstanding as at October 26, 2005. Since November 5, 2004, the Fund has purchased 121,500 units under its current bid at an average price of $13.76 per unit and has subsequently cancelled such units.

The units may be purchased for cancellation from November 7, 2005 to November 6, 2006 through the facilities of the TSX and may only be purchased at a price per unit not exceeding the last published net asset value per unit. Purchases pursuant to the normal course issuer bid would be accretive and therefore enhance returns to continuing unitholders.

Further information on the Fund is available at www.bromptongroup.com.

Contact Information

  • Brompton MVP Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008