Tech Leaders Income Fund Announces Special Meeting of Unitholders

TORONTO, ONTARIO--(Marketwired - April 22, 2016) - (TSX:TLF.UN) Brompton Funds Limited (the "Manager) of Tech Leaders Income Fund (the "Fund") announces that it is calling a special meeting of unitholders of the Fund to consider amendments to the Fund's investment objectives, investment strategy and investment restrictions.

The Manager believes that the technology sector continues to offer compelling value and is well positioned to benefit from the growing US and global economies. Given the significant developments in the technology sector since the Fund was launched, as well as the rapidly changing nature of the technology sector, the Manager believes that certain changes are required to the Fund's investment objectives, strategy and restrictions to expand its investment universe. The proposed changes to the investment objectives, strategy and restrictions will include the following:

1. Expand the universe of technology companies from which the Fund's portfolio manager can select equity securities to be included in the Fund's portfolio by lowering the market capitalization requirement required for inclusion in the portfolio and expanding the financial metrics that may be used to analyze industry constituents;
   
   
2. Provide for up to 25% of the portfolio to be invested, from time to time, in equity securities of technology-related companies or non-North American listed technology companies;
   
   
3. Allow the Manager to rebalance and/or reconstitute the portfolio more frequently than annually, at its discretion, for reasons other than mergers or fundamental corporate actions, so that the Fund may respond to security or market developments on a timely basis; and
   
   
4. Increase the ability to write covered call options from 25% to 33% of the portfolio to enhance the Fund's ability to generate income from option premiums and lower volatility of the portfolio.
   
   

The aforementioned enhancements will not result in any increase to management fees or changes to unitholder rights, including redemption rights.

The Fund will hold a special meeting of unitholders on June 23, 2016 to consider and vote on the proposed amendments. Unitholders of record at the close of business on May 24, 2016 will be entitled to vote at the meeting. The proposed amendments may be subject to any required regulatory approvals. Details of the proposed amendments will be further outlined in the Fund's notice of meeting and management information circular that will be prepared and delivered to unitholders in connection with the special meeting and will be available on www.sedar.com.

About Brompton Funds

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2 billion in assets under management. Brompton's investment solutions include TSX listed closed-end funds, mutual funds, hedge funds and flow-through limited partnerships. 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.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange or other alternative Canadian trading platform (an "exchange"). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in the public filings available 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. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.