Brompton Lifeco Split Corp. Suspends December Class A Distribution
17 Décembre 2008 - 8:54PM
Marketwired
Brompton Lifeco Split Corp. (TSX: LCS) -
In accordance with its prospectus and the Class A Share
Provisions, the regular, non-cumulative, monthly distribution for
the month of December will not be paid on the class A shares of
Brompton Lifeco Split Corp. Under the prospectus, no cash
distribution may be paid on the class A shares, if after payment of
the distribution by the Fund, the net asset value per unit
(consisting of one class A share and one preferred share) would be
less than $15.00. The net asset value per unit as at December 11,
2008 was $11.82. The Fund will re-evaluate the payment of class A
share distributions in each subsequent month with the expectation
that normal monthly distributions will resume and a press release
will be issued if the net asset value per unit is in excess of
$15.00 prior to declaration.
In accordance with the Preferred Share Provisions, regular
quarterly preferred share dividends will continue to be paid.
For additional information concerning the Fund, please visit our
website at www.bromptongroup.com.
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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