TORONTO, ONTARIO--(Marketwire - Feb. 18, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Brompton Funds Management Limited (the "Manager") (TSX:GPC) is pleased to announce that Senior Gold Producers Income Corp. (the "Fund") has completed its initial public offering of 5 million class A shares ("Shares") at $10.00 per Share for gross proceeds of $50 million. The Shares commence trading today on the Toronto Stock Exchange under the symbol GPC.

The Fund has been created to invest in a portfolio consisting of common shares of all of the large-capitalization companies primarily engaged in the production of gold ("Gold Producers") that are included in the S&P/TSX 60 Index, which currently includes Agnico-Eagle Mines Ltd., Barrick Gold Corporation, Eldorado Gold Corporation, Goldcorp Inc., IAMGOLD Corporation, Kinross Gold Corporation and Yamana Gold Inc.

The Fund's investment objectives are to provide shareholders with monthly distributions, the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of Gold Producers directly. Distributions are initially targeted to be $0.75 per Share per annum ($0.0625 per month), representing a yield on the issue price of 7.5% per annum.

The Manager has selected Highstreet Asset Management Inc. to be the Option Advisor. The Option Advisor intends each month to sell call options on up to, and not more than, 25% of the common shares of each Gold Producer held in the Portfolio. Highstreet Asset Management Inc. is an investment management firm with total assets under management of approximately $6 billion.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P., Mackie Research Capital Corporation, Macquarie Private Wealth Inc., Canaccord Genuity Corp., Dundee Securities Corporation, Desjardins Securities Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc.

For further information, please contact your financial advisor, call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website at www.bromptonfunds.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.

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.