Canadian High Income Equity Fund

Canadian High Income Equity Fund

July 03, 2014 14:28 ET

Canadian High Income Equity Fund Increases Distribution

TORONTO, ONTARIO--(Marketwired - July 3, 2014) - Canadian High Income Equity Fund (the "Fund") (TSX:CIQ.UN) is pleased to announce an increase in its monthly distribution to $0.07 per unit per month for record dates from July to September 2014. This represents a 7.7% increase in the Fund's monthly distribution.

Record Date Payment Date
July 31, 2014 August 15, 2014
August 29, 2014 September 15, 2014
September 30, 2014 October 15, 2014

The Fund has delivered a total return of 19.2% year-to-date and 13.0% per annum since its inception in 2010 to June 30, 2014 and has outperformed the S&P/TSX Composite Index over the same periods by 6.3% and 3.6% p.a., respectively. As a result of this strong performance, the Fund is increasing its distribution from $0.065 to $0.07 per unit per month. The new distribution level represents an attractive distribution rate of 6.5% based on the July 2, 2014 closing price of $12.93.

The Fund invests in an actively managed portfolio comprised primarily of Canadian dividend-paying equities and REITs. Bloom Investment Counsel, Inc. has been the Fund's portfolio manager since its inception and specializes in investing in high income equities.

Unitholders are reminded that the Fund offers a distribution reinvestment plan ("DRIP") which provides unitholders with the ability to automatically reinvest distributions and realize the benefits of compound growth of their investment. Unitholders can enroll in the DRIP program by contacting their investment advisor.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) email or visit our website at

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.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

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