Brompton Lifeco Split Corp. Suspends Class A Distribution
21 Mars 2011 - 10:06PM
Marketwired
In accordance with its articles of incorporation and the Class A
Share Provisions, the regular, non-cumulative, monthly distribution
for the month of March will not be paid on the class A shares of
Brompton Lifeco Split Corp (TSX: LCS). The net asset value per unit
as at March 17, 2011 was $14.54. Under the articles of
incorporation, 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 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 meets this requirement.
In accordance with the Preferred Share Provisions, regular
quarterly preferred share dividends will continue to be paid.
For further information, please contact your financial advisor,
call our investor relations line at 416-642-9051 (toll-free at
1-866-642-6001) or visit our website at www.bromptonfunds.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.
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 Fund, to the future outlook of the
Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. 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.
Contacts: Brompton Funds Management Limited Chris Cullen Senior
Vice President (416) 642-9064
Brompton Lifeco Split (TSX:LCS)
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