Brompton VIP Income Fund

Brompton VIP Income Fund

November 06, 2006 10:30 ET

Brompton VIP Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2006) - Brompton VIP Income Fund (TSX:VIP.UN) intends to renew its normal course issuer bid through the facilities of the TSX to purchase up to 1,029,100 units of the Fund representing approximately 10% of the public float of 10,291,915 units. The Fund had 10,413,073 units issued and outstanding as at November 1, 2006. Since November 8, 2005, the Fund has purchased 283,643 units under its current bid at an average price of $13.82 per unit and has subsequently cancelled such units.

The units may be purchased for cancellation from November 8, 2006 to November 7, 2007 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. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at Website:

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 Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008