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BROMPTON EQUITY SPLIT CORP. AND DIVIDEND GROWTH SPLIT CORP. COMPLETE MERGER

Toronto, May 18, 2011 – (TSX: BE, BE.PR.A, DGS, DGS.PR.A) Brompton Funds is pleased to announce the completion of the merger of Brompton Equity Split Corp.  (“BE”) and Dividend Growth Split Corp. (“DGS”), effective May 18, 2011, by way of amalgamation.  This merger, as described in the joint management information circular of Brompton Equity Split Corp. and Dividend Growth Split Corp. dated March 11, 2011, was approved at shareholder meetings held on April 8, 2011 and the resulting amalgamated corporation will be known as Dividend Growth Split Corp.

Each Class A share of BE was exchanged for 1.493584 Class A shares of DGS (based on the net asset value of BE Class A shares divided by the net asset value of DGS Class A shares on April 28, 2011).  Each Preferred share of BE was exchanged for one Preferred share of DGS.  No fractional shares were issued.  The merger was implemented on a tax-deferred basis for shareholders.

Shareholders of BE are not required to take any action in order to be recognized as shareholders of DGS.  Shares of DGS will continue to be traded under the symbols DGS (Class A) and DGS.PR.A (Preferred) and the BE Class A and Preferred shares will be delisted on May 20, 2011.

In addition, DGS completed a private placement of 468,480 Preferred shares at $10.30.  The private placement was made in order to maintain an equal number of outstanding Preferred shares and Class A shares of DGS following its merger with BE.  As a result, there was no requirement for BE to redeem any of its Class A shares.  Following the merger and private placement, DGS has 6,374,149 Class A and Preferred shares outstanding.

For further information, please contact your financial advisor, call Brompton’s investor relations line at 416-642-9051 (toll-free at 1-866-642-6001), or visit our website at www.bromptonfunds.com.

Chris Cullen
Senior Vice President
Brompton Funds Management Limited
(416) 642-9064

Forward-Looking Statements

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 Funds, to the future outlook of the Funds and anticipated events or results and may include statements regarding the future financial performance of the Funds.  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 for a variety of reasons, including those set forth below.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.  


 
PLEASE READ AND ACCEPT THESE IMPORTANT DISCLOSURES

You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or alternative Canadian trading platforms (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 the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

This communication is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Goldman Sachs Asset Management L.P. (“GSAM”) and are subject to change without notice. GSAM makes every effort to ensure that the information has been derived from sources believed to reliable and accurate. However, GSAM assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. GSAM is under no obligation to update the information contained herein. The communication should not be regarded as a substitute for the exercise of your own judgment. Please read the fund’s offering documents before investing.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document 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. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date December 15, 2015 and we assume no obligation to update or revise them to reflect new events or circumstances.

Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments, should not be construed and research or investment advice, and are subject to risk.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document.

Portfolio holdings may change by the time you view this. Portfolio holdings may not be representative of future investments. The securities discussed may not represent all of the portfolio's holdings and may not be deemed representative of the strategy’s future portfolio holdings. Future portfolio holdings may not be profitable.

The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.

No part of this material may, without Brompton and GSAM’s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an authorized recipient. This material is intended for Investment Advisor use only.

I confirm that I have read, understood, and accept the above disclosures.

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