Brompton Tracker Fund

Brompton Tracker Fund

June 29, 2005 16:50 ET

Brompton Tracker Fund Files Final Prospectus

TORONTO, ONTARIO--(CCNMatthews - June 29, 2005) - Brompton Tracker Fund is pleased to announce that it has filed and obtained a receipt for its Final Prospectus dated June 28, 2005 relating to the initial public offering of trust units. The minimum amount of the offering is $250 million and the maximum amount is $600 million. Closing is scheduled for July 18, 2005.

The Toronto Stock Exchange has conditionally approved the listing of the trust units, subject to the Fund fulfilling all of its customary requirements. Trading of the trust units, under the symbol BTF.UN is expected to commence on the date of closing.

The Fund is designed to provide unitholders with the benefits of high monthly cash distributions and low management fees, together with the opportunity for capital appreciation by investing, on an equally weighted basis, in those income funds which will be included from time to time by Standard & Poor's ("S&P") in the S&P/TSX Composite Index ("Composite Index") and which pay a regular distribution.

On May 18, 2005, S&P announced its implementation plan for including income funds in the Composite Index, Canada's premier equity index. The Fund will invest on an equally weighted basis initially in a portfolio of over 60 income funds that the Manager anticipates, based on information available at closing, will be selected by S&P for inclusion in the Composite Index. The Manager believes that the resulting portfolio will be well diversified, consisting of the larger capitalization income funds. As a result of the equal weight approach, each income fund would constitute approximately 1.6% of the portfolio.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Desjardins Securities Inc., First Associates Investments Inc., Raymond James Ltd., Dundee Securities Corporation, IPC Securities Corporation, Research Capital Corporation, Wellington West Capital Inc. and Acadian Securities Incorporated.

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