Brompton Group

Brompton Group

August 08, 2005 16:17 ET

Brompton Sells Minority Interest in its Funds Management Business

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2005) - We are pleased to report that Brompton Group has completed the previously announced transaction to sell a minority interest in our fund management business to Newport Private Yield LP ("Newport"). Brompton currently has approximately $3.0 billion of assets under management in its eleven funds. We and the other senior officers of Brompton continue to own a majority interest in the business and maintain operational control and responsibility for its direction. Newport is an asset management business that partners with successful entrepreneurs.

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