Brompton Lifeco Split Corp. Announces Distributions
July 22 2013 - 5:05PM
Marketwired
Brompton Lifeco Split Corp. (TSX:LCS)(TSX:LCS.PR.A) is pleased to
announce that a monthly distribution in the amount of $0.075 per
class A share will be paid on August 15, 2013 to class A
shareholders of record at the close of business on July 31,
2013.
Improvement in the market prices of the Canadian life insurance
companies has resulted in an increase in net asset value per unit
(consisting of one class A share and one preferred share) to $15.91
as at July 18, 2013, which allows the Fund to reinstate the monthly
class A share distribution. In accordance with the class A share
provisions and the prospectus, cash distributions may be paid on
the class A shares, if after payment of the distribution by the
Fund, the net asset value per unit is greater than $15.00. The Fund
will continue to monitor its net asset value per unit on a monthly
basis to determine whether the Fund will pay a class A distribution
in each subsequent month.
Brompton Lifeco Split Corp. also announces a distribution in the
amount of $0.13125 per preferred share (LCS.PR.A) payable on August
15, 2013 to holders of record at the close of business on July 31,
2013.
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.
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.
Contacts: Brompton Funds Investor Relations 416-642-6000 or Toll
Free: 1-866-642-6001info@bromptongroup.com
www.bromptongroup.com
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