Brompton Split Banc Corp.
TSX : SBC.PR.A
TSX : SBC

Brompton Split Banc Corp.

April 12, 2006 10:28 ET

Brompton Split Banc Corp. Closes Rights Offering

TORONTO, ONTARIO--(CCNMatthews - April 12, 2006) - Brompton Split Banc Corp.(TSX:SBC) (TSX:SBC.PR.A) is pleased to announce the closing of its Rights Offering. A total of 2,006,907 Class A and Preferred Shares were issued and net proceeds of the Rights Offering are approximately $51.6 million. The total number of Class A and Preferred Shares outstanding following the Rights Offering is 8,141,907.

Brompton Split Banc Corp. was created to provide investors with an equal-weight investment in the six largest Canadian banks utilizing a split share structure on a low cost basis. The net proceeds from the Rights Offering will be used to acquire additional common shares of the six Canadian banks.

The fund is managed by Brompton SBC Management Limited, a member of the Brompton Group of Companies. For further information, please contact your financial advisor, call our investor relations line at 416-642-9051 (toll free at 1-866-642-6001) or visit our website at www.bromptongroup.com.

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 www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Split Banc Corp.
    David E. Roode
    Senior Vice President
    (416) 642-6008