The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Brompton Lifeco Split Corp. Suspends Class A Distribution

Tuesday, May 18, 2010

Brompton Lifeco Split Corp. Suspends Class A Distribution16:25 EDT Tuesday, May 18, 2010TORONTO, ONTARIO--(Marketwire - May 18, 2010) - In accordance with its articles of incorporation and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of May will not be paid on the class A shares of Brompton Lifeco Split Corp. (TSX:LCS). The net asset value per unit as at May 13, 2010 was $14.91. 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 additional information concerning the Fund, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or 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.FOR FURTHER INFORMATION PLEASE CONTACT: Brompton Funds Management Limited Chris Cullen Senior Vice President (416) 642-9064 www.bromptongroup.com