Senior Gold Producers Income Corp.
TSX : GPC

Senior Gold Producers Income Corp.

March 04, 2011 16:37 ET

Senior Gold Producers Income Corp. Receives Approval for Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - March 4, 2011) - Senior Gold Producers Income Corp. (TSX:GPC) has received approval for a normal course issuer bid to purchase up to 480,400 shares of the Fund representing approximately 10% of the public float of 4,804,600 shares. The Fund may purchase up to 100,000 shares in any 30 day period which is 2% of the 5,000,000 issued and outstanding shares at February 25, 2011.

The shares may be purchased for cancellation from March 9, 2011 to March 8, 2012 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per share not exceeding the last published net asset value per share. The Fund believes that such purchases are in its best interest and are a desirable use of its available funds.

Further information on the Fund is available 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 Management Limited
    Chris Cullen
    Senior Vice-President
    416-642-9064