Precious Metals Bullion Trust
TSX : PBU.UN

Precious Metals Bullion Trust

August 21, 2009 10:45 ET

Precious Metals Bullion Trust Receives Approval for Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2009) - According to the terms of its initial public offering, Precious Metals Bullion Trust (TSX:PBU.UN) has received approval for a normal course issuer bid to purchase up to 227,000 units (the "Units") of the Fund representing approximately 10% of the public float of 2,270,000 Units. The Fund may purchase up to 46,000 Units in any 30 day period which is 2% of the 2,300,000 issued and outstanding Units at August 18, 2009.

The Units may be purchased for cancellation from August 25, 2009 to August 24, 2010 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.

For additional information concerning the Fund, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website 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
    David E. Roode
    Senior Vice President
    (416) 642-6008