Tech Leaders Income Fund Approves Amendments

TORONTO, ONTARIO--(Marketwired - June 23, 2016) - (TSX:TLF.UN) Brompton Funds Limited, the Manager of Tech Leaders Income Fund (the "Fund"), is pleased to announce that at a special meeting of unitholders (the "Unitholders") held today, Unitholders approved an extraordinary resolution to amend the Fund's investment objectives, investment strategy and investment restrictions. Unitholders voted 97.9% in favour of the extraordinary resolution.

The amendments are designed to accomplish the following:

• Expand the investable universe of technology companies from which the Fund's portfolio manager can select by lowering the market capitalization requirement from US$15 billion to US$10 billion;
• Allow the Fund to keep up with the changing technology sector by expanding the financial metrics that may be used to analyze the industry constituents, including forward-looking metrics;
• 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;
• 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 corporate or market developments on a timely basis; and
• Increase the ability to write covered call options to a maximum of 33% of the portfolio to enhance the Fund's ability to opportunistically generate income from option premiums and lower volatility of the portfolio and to provide for the ability to write cash covered put options.

The management fee will not be increased as a result of the additional work associated with the amendments, nor will any redemption rights or other Unitholder rights be altered.

Further details are available in the Fund's management information circular dated May 24, 2016.

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 system (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.