Manulife Brompton Advantaged Bond Fund
TSX : MBB.UN

Manulife Brompton Advantaged Bond Fund

May 19, 2010 10:21 ET

Manulife Brompton Advantaged Bond Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - May 19, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Manulife Brompton Advantaged Bond Fund (TSX:MBB.UN) has renewed its normal course issuer bid to purchase up to 361,100 units of the Fund representing approximately 10% of the public float of 3,611,415 units. The Fund may purchase up to 79,308 units in any 30 day period which is 2% of the 3,965,415 issued and outstanding units at May 12, 2010. 

As of May 12, 2010, the Fund had purchased 52,700 units under its current bid at an average price of $10.74 per unit.

The units may be purchased for cancellation from May 21, 2010 to May 20, 2011 through the facilities of the TSX or other exchange recognized by the Ontario Securities Commission 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 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 Funds Management Limited
    Chris Cullen
    Senior Vice President
    (416) 642-9064