TORONTO, March 22, 2019 (GLOBE NEWSWIRE) -- (TSX: EDGF.UN, FFI.UN, DGS, GDV, GDV.PR.A, LBS, OSP.PR.A, SBC, SBC.PR.A) – Brompton Funds announces distributions payable on April 12, 2019 to class A shareholders of record at the close of business on March 29, 2019 for each of the following funds:
| Fund Name | Ticker | Amount Per Share | |
| Dividend Growth Split Corp. | DGS | $ | 0.10 |
| Global Dividend Growth Split Corp. | GDV | $ | 0.10 |
| Life & Banc Split Corp. | LBS | $ | 0.10 |
| Brompton Split Banc Corp. | SBC | $ | 0.10 |
Brompton Funds also announces distributions payable on April 12, 2019 to preferred shareholders of record at the close of business on March 29, 2019 for the following funds:
| Fund Name | Ticker | Amount Per Share | |
| Global Dividend Growth Split Corp. | GDV.PR.A | $ | 0.1250 |
| Brompton Oil Split Corp. | OSP.PR.A | $ | 0.1250 |
| Brompton Split Banc Corp. | SBC.PR.A | $ | 0.1250 |
The funds noted above offer distribution reinvestment plans (“DRIP”) for class A shareholders which provide class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor.
A distribution for the class A shares of Dividend Growth Split Corp. (“DGS”) is being announced for March as the net asset value per unit of DGS as at March 21, 2019 was $15.18 (after taking into account the payment of the Class A distribution). In accordance with the articles of incorporation for DGS, cash distributions may be paid on the class A shares, if after payment of the distribution by DGS, the net asset value per unit would be greater than $15.00. Each month, DGS reviews whether the net asset value per unit meets this requirement in order to determine if a class A share distribution will be announced for such month.
On December 19, 2018, Flaherty & Crumrine Investment Grade Preferred Income Fund announced special cash and estimated unit distributions. The actual unit distribution amount was $0.151 per unit. Immediately following issuance, the units were automatically consolidated and as a result, unitholders hold the same number of units after the distribution as they held before the distribution. The adjusted cost base of a holder’s units was increased by the amount of the unit distribution effective December 31, 2018.
Brompton Funds also announces that in preparation for the anticipated conversion of European Dividend Growth Fund from a closed-end fund to an exchange-traded fund, on or about April 16, 2019 or such other date as the Manager may determine in its sole discretion (pending receipt of all required regulatory approvals), the payment date for the previously announced distribution for record date on March 29, 2019 has been advanced to April 10, 2019.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton’s investment solutions include TSX traded funds and mutual funds. 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 shares or units of the investment funds on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the shares or units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares or units of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning shares or units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the funds. You can find more detailed information about the funds 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 document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. 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.