Taylor North American Equity Opportunities Fund Announces September Distribution and Initiation of DRIP
September 16 2013 - 10:53AM
Marketwired Canada
Taylor North American Equity Opportunities Fund (the "Fund") (TSX:TOF.UN) is
pleased to announce a monthly distribution payable on October 15, 2013 to
unitholders of record at the close of business on September 30, 2013 in the
amount of $0.0520 per unit.
The Fund is also pleased to announce that a distribution reinvestment plan
("DRIP") has been implemented to provide unitholders with the ability to
automatically reinvest their distributions in additional units of the Fund and
realize the benefits of compound growth of their investment. Under the DRIP, if
the 10 day weighted average trading price prior to the distribution payment date
(the "Trading Price") is higher than the net asset value ("NAV"), such that the
Fund is trading at a premium to NAV, unitholders will benefit from reinvesting
distributions at the lower value, being NAV. If the Trading Price is lower than
the NAV, such that the Fund is trading at a discount to NAV, unitholders will
generally benefit from reinvesting at below NAV through the acquisition of units
in the market. The DRIP provides an attractive reinvestment mechanism in both
circumstances when the Fund trades at a premium or a discount to NAV. Contact
your investment advisor to enroll in the Fund's DRIP and please visit our
website for complete details of the DRIP plan.
David Taylor is the portfolio manager responsible for the Fund's portfolio and
is a recipient of the Brendan Wood 2012 Canadian TopGun Investment Mind Award.
As of August 31, 2013, the Fund's portfolio was 65% invested in US equities,
providing investors with exposure to attractive opportunities in the US equities
market and, to a lesser extent, the Canadian equities market and has produced a
28.7% return over the past year to August 31.
Taylor employs a value-driven investment strategy to construct a portfolio that
seeks to balance long-term capital growth with capital preservation, and invests
opportunistically in equity and equity-related securities of issuers that the
portfolio manager believes are fundamentally sound and are trading at a discount
to their intrinsic value.
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.
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 news 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brompton Funds
Investor Relations
416-642-6000 or Toll-Free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com
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