Taylor North American Equity Opportunities Fund
TSX : TOF.UN

Taylor North American Equity Opportunities Fund

October 31, 2013 08:15 ET

Taylor North American Equity Opportunities Fund Announces Pricing of Treasury Offering

TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) -

Not for distribution to U.S. newswire services or for dissemination in the United States.

Taylor North American Equity Opportunities Fund (the "Fund") (TSX:TOF.UN) is pleased to announce that the Fund's treasury offering of units has been priced at $12.92 per unit.

The Fund is in the process of filing a final prospectus in each of the provinces and territories of Canada in connection with the offering, with a maximum offering size of approximately $50 million. The offering is expected to close on or about November 7, 2013 and is subject to customary closing conditions including obtaining a receipt for the final prospectus and approval of the Toronto Stock Exchange to the listing of such units.

The syndicate of agents for the offering is being led by CIBC and RBC Capital Markets, and includes Scotiabank, BMO Capital Markets, GMP Securities L.P., Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, Macquarie Private Wealth Inc. and Manulife Securities Incorporated.

About Taylor North American Equity Opportunities Fund

The investment objective of the Fund is to seek long-term capital appreciation by investing in an actively managed portfolio consisting primarily of North American publicly-listed equity securities. Up to 25% of the portfolio may be invested outside of North America. The Fund's distribution target is currently $0.0520 per unit per month ($0.6240 per annum, or approximately 4.8% per annum based on the offering price per unit). The portfolio manager actively manages currency exposures.

Unitholders are reminded that the Fund offers a distribution reinvestment plan ("DRIP") which provides unitholders with the ability to automatically reinvest their distributions. Unitholders can enroll in the DRIP program by contacting their investment advisor.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. 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.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the above-mentioned agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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 press 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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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