Precious Metals Bullion Trust
TSX : PBU.UN

Precious Metals Bullion Trust

September 29, 2011 10:45 ET

Precious Metals Bullion Trust Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2011) - Precious Metals Bullion Trust (TSX:PBU.UN) has renewed its normal course issuer bid to purchase up to 321,200 units of the Fund representing approximately 10% of the public float of 3,212,954 units. The Fund may purchase up to 64,513 units in any 30 day period which is 2% of the 3,225,654 issued and outstanding units at September 23, 2011.

As of September 23, 2011, the Fund had purchased 180,800 units under its previous bid at an average price of $17.08 per unit.

The units may be purchased for cancellation from October 3, 2011 to October 2, 2012 through the facilities of the TSX or other eligible alternative market 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.bromptonfunds.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 Limited
    Chris Cullen
    Senior Vice President
    (416) 642-9064