TORONTO, Jan. 23, 2019 (GLOBE NEWSWIRE) -- (TSX:BPRF) For the year ended December 31, 2018, Brompton Flaherty & Crumrine Investment Grade Preferred ETF (the “Fund”) will generate income of approximately $0.06 per unit in excess of its previously announced distributions for the year. As a result, the Fund announces a special distribution of $0.06 per unit for unitholders of record at the close of business on December 31, 2018. The distribution of $0.06 per unit will be automatically reinvested in additional units. Immediately following the issuance, the units of the Fund will be automatically consolidated and as a result, unitholders will hold the same number of units after the distribution as they held before it. The adjusted cost base of a holder’s units will be increased by the amount of the distribution reinvested in units as of December 31, 2018.
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, 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 us at info@bromptongroup.com or visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded 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 ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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.