TORONTO, Feb. 19, 2021 (GLOBE NEWSWIRE) -- (TSX: GDV, LBS, LCS, SBC, DGS.PR.A) – Brompton Funds announces distributions payable on March 12, 2021 to class A shareholders of record at the close of business on February 26, 2021 for each of the following funds:
|Fund Name||Ticker||Amount Per Share|
|Global Dividend Growth Split Corp.||GDV||$||0.10|
|Life & Banc Split Corp.||LBS||$||0.10|
|Brompton Lifeco Split Corp.||LCS||$||0.075|
|Brompton Split Banc Corp.||SBC||$||0.10|
Brompton Funds also announces distributions payable on March 12, 2021 to preferred shareholders of record at the close of business on February 26, 2021 for the following fund:
|Fund Name||Ticker||Amount Per Share|
|Dividend Growth Split Corp.||DGS.PR.A||$||0.1375|
Distributions for the class A shares of Brompton Lifeco Split Corp. (“LCS”) are being announced for February as the net asset value per unit as at February 18, 2021 (after taking into account the payment of cash distributions) was greater than $15,00. Cash distributions may be paid on the class A shares if (a) the distributions payable on the preferred shares are not in arrears, or (b) after the payment of a cash distribution, the net asset value would be greater than $15.00. Each month, LCS reviews whether the net asset value per unit meets these requirements in order to determine if the class A share distribution will be announced for such month.
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
Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded 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 firstname.lastname@example.org or visit our website at www.bromptongroup.com.
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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.