YEARS Financial Trust Completes Merger Into Dividend Growth Split Corp.
31 Décembre 2008 - 9:17PM
Marketwired
Brompton Funds is pleased to announce the completion of the merger
of YEARS Financial Trust ("YTU") (TSX: YTU.UN) into Dividend Growth
Split Corp. ("DGS") (TSX: DGS)(TSX: DGS.PR.A), effective December
31, 2008. This merger was approved at a special meeting of
unitholders of YTU held on December 1, 2008.
The merger was implemented on a taxable basis for unitholders at
an exchange ratio calculated as the net asset value ("NAV") per
unit of YTU divided by the notional NAV per unit of DGS (consisting
of one class A share plus one preferred share of DGS), the
continuing fund, each determined as at the close of business on
December 30, 2008. The table below provides the NAV per unit for
each of the funds and the resultant exchange ratio at such
time.
Fund
YTU NAV per Unit $11.3294
DGS NAV per Unit $13.8843
---------------- --------
Exchange Ratio 0.815986
Unitholders of YTU are not required to take any action in order
to be recognized as a shareholder of DGS. Class A and preferred
shares of DGS issued pursuant to the merger will trade under the
symbols DGS and DGS.PR.A respectively, and are expected to begin
trading on January 2, 2009.
For additional information concerning the merger or the funds,
please visit our website at www.bromptongroup.com or consult your
investment advisor.
Commissions, trailing commissions, management fees and expenses
all may be associated with investment funds. Please read the Fund's
publicly filed documents which are available from SEDAR at
www.sedar.com. Investment funds are not guaranteed; their values
change frequently and past performance may not be repeated.
Contacts: Brompton Funds Management Limited David E. Roode
Senior Vice President (416) 642-6008 Website:
www.bromptongroup.com
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