Market Update-Taylor Asset Management

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) - Advisors and investors are invited to listen to David Taylor from Taylor Asset Management as he shares his views and outlook on the North American equity market. David Taylor is the portfolio manager of Taylor North American Equity Opportunities Fund (TSX:TOF.UN) (the "Fund") and a recipient of the Brendan Wood 2012 Canadian TopGun Investment Minds Award. Mr. Taylor has produced strong returns for the Fund and has delivered on his commitment to find excellent value stocks in the current market. As of November 1, 2012, the net asset value per unit of the Fund was $10.47. The Fund has delivered a strong return of 12.3%¹ in just over four months since the Fund's inception on June 19, 2012. Over the same time period, the Fund has outperformed the S&P/TSX Composite Index by 5% and outperformed the S&P 500 Index by 6.4%.

To listen to the entire conference call, please visit our website at www.bromptongroup.com/taylor and click on the link.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is a leading and experienced closed-end fund manager. 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 416-642-6000, toll-free at 1-866-642-6001, email info@bromptongroup.com or visit our website at www.bromptongroup.com.

About Taylor Asset Management

Taylor Asset Management Inc. is an independent investment management firm, founded by award-winning portfolio manager David Taylor to meet the needs of individual and institutional investors. Mr. Taylor was previously the lead equity portfolio manager for several funds from late 2002-2011 which won 15 Lipper Awards, and also won Morningstar Canada's Best Canadian Equity Fund award for 2006, 2009, and 2010. The firm's research-intensive, risk-sensitive, fundamentals-based investment process focuses on identifying securities that are undervalued to develop portfolios that deliver strong long-term growth consistent with core investments.

www.taylorassetmanagement.com.

¹As of October 31, 2012. Performance is cumulative and reflects total return based on net asset value.

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.

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 news 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.