TORONTO, ONTARIO--(Marketwired - Sept. 16, 2013) - 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.