Flaherty & Crumrine Provide an Update on Brompton Flaherty & Crumrine Investment Grade Preferred ETF
30 Novembre 2018 - 4:24PM
(TSX:BPRF, FFI.UN) Investors and investment
advisors are invited to view and listen to a recorded presentation
on a new Brompton ETF: Brompton Flaherty & Crumrine Investment
Grade Preferred ETF. The presentation is hosted by Eric Chadwick,
President & Portfolio Manager of the sub-advisor to BPRF,
Flaherty & Crumrine Incorporated (“FCI”). FCI is also the
sub-advisor of Flaherty & Crumrine Investment Grade Preferred
Income Fund (“FFI”), a closed-end fund founded in 2004.
Eric discusses the benefits of U.S. preferred
securities which offer attractive levels of income; high credit
quality; and moderate interest rate sensitivity. The presentation
has been posted to the Brompton Funds website at the following
link:
www.bromptongroup.com/bprf_nov2018.htm
Brompton Flaherty & Crumrine Investment
Grade Preferred ETF (TSX: BPRF) invests in an actively-managed
portfolio consisting primarily of preferred and income-producing
corporate securities of North American issuers (primarily U.S.
issuers), or of Canadian or U.S. dollar-denominated securities of
global issuers. BPRF will primarily invest in securities that are
rated Investment Grade, with at least 75% of BPRF’s portfolio
comprised of investment grade securities at the time of any new
investment. BPRF’s targeted distribution rate is $1.25 per
share, per annum (5%1), payable
monthly.
About Flaherty &
CrumrineFlaherty & Crumrine Incorporated is the
sub-advisor to BPRF. FCI was established in 1983, and specializes
in US-dollar-denominated preferred securities and corporate debt
instruments. The firm uses 30 years of proprietary data on over
1500 preferred securities to carry out intensive credit analysis,
thorough vetting of securities’ terms and structures, and active
portfolio management, with the goal of exploiting pricing
inefficiencies in the preferred securities market to provide
attractive rates of return on its funds. As of September 30, 2018,
FCI’s AUM was approximately US$4.2 billion, primarily in preferred
securities.
About Brompton FundsBrompton
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.
(1) Based on the November 28, 2018 closing
price.
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.
You will usually pay brokerage fees to your
dealer if you purchase or sell units of FFI on the Toronto Stock
Exchange or other alternative Canadian trading system (an
“exchange”). If the units are purchased or sold on an exchange,
investors may pay more than the current net asset value when buying
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 units of an investment fund. An investment fund must
prepare disclosure documents that contain key information about
FFI. You can find more detailed information about FFI 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 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.
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