TORONTO, April 23, 2018 (GLOBE NEWSWIRE) -- (TSX:DGS) (TSX:LBS) (TSX:LCS) (TSX:LCS.PR.A) (TSX:OSP) (TSX:SBC) – Brompton Funds announces distributions payable on May 14, 2018 to class A shareholders of record at the close of business on April 30, 2018 for each of the following funds:
| Fund Name | Ticker | Amount Per Share | |
| Dividend Growth Split Corp. | DGS | $ | 0.10 |
| Life & Banc Split Corp. | LBS | $ | 0.10 |
| Brompton Lifeco Split Corp. | LCS | $ | 0.075 |
| Brompton Oil Split Corp. | OSP | $ | 0.10 |
| Brompton Split Banc Corp. | SBC | $ | 0.10 |
A distribution for the class A shares of OSP is being announced for April as the net asset value per unit of OSP as at April 20, 2018 was $15.44. In accordance with the articles of incorporation for OSP, cash distributions may be paid on the class A shares, if after payment of the distribution by OSP, the net asset value per unit would be greater than $15.00. Each month, OSP 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.
Brompton Funds also announces distributions payable on May 14, 2018 to preferred shareholders of record at the close of business on April 30, 2018 for the following fund:
| Fund Name | Ticker | Amount Per Share | |
| Brompton Lifeco Split Corp. | LCS.PR.A | $ | 0.14375 |
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.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2 billion in assets under management. Brompton’s investment solutions include TSX traded funds, mutual funds, and flow-through limited partnerships. 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 of the investment funds on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares 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 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.