CORRECTION – Brompton Funds Declare Distributions
In This Article:
TORONTO, May 24, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Brompton Funds (TSX: DGS, DGS.PR.A, ESP, GDV, LBS, LCS, PWI, SBC) please note that in the fourth paragraph of the release, the year should be 2024, not 2023 as previously stated. The corrected release follows:
(TSX: DGS, DGS.PR.A, ESP, GDV, LBS, LCS, PWI, SBC) – Brompton Funds announces distributions payable on June 14, 2024 to class A shareholders of record at the close of business on May 31, 2024 for each of the following funds:
| Fund Name | Ticker | Amount Per Share | |
| Dividend Growth Split Corp. (“DGS”) | DGS | $ | 0.10 |
| Global Dividend Growth Split Corp. (“GDV”) | GDV | $ | 0.10 |
| Life & Banc Split Corp. (“LBS”) | LBS | $ | 0.10 |
| Brompton Lifeco Split Corp. (“LCS”) | LCS | $ | 0.075 |
| Sustainable Power & Infrastructure Split Corp. (“PWI”) | PWI | $ | 0.06667 |
| Brompton Split Banc Corp. (“SBC”) | SBC | $ | 0.10 |
Brompton Funds also announces distributions payable on June 14, 2024 to preferred shareholders of record at the close of business on May 31, 2024 for the following fund:
| Fund Name | Ticker | Amount Per Share | |
| Dividend Growth Split Corp. | DGS.PR.A | $ | 0.1375 |
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.
In accordance with its articles of incorporation in order to preserve the net asset value, the distribution for the month of May will not be paid on the class A shares of Brompton Energy Split Corp. (“ESP”) as the net asset value per unit (consisting of one class A share and one preferred share) as at May 23, 2024 (after taking into account payment of the cash distribution) was less than $15.00. ESP will re-evaluate the payment of class A share distributions in each month with the expectation that monthly distributions will be announced if the net asset value per unit of each fund meets this requirement.
About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment 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 [email protected] or visit our website at www.bromptongroup.com.