The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Brompton VIP Income Fund Renews Normal Course Issuer Bid

Monday, November 08, 2010

Brompton VIP Income Fund Renews Normal Course Issuer Bid10:28 EST Monday, November 08, 2010TORONTO, ONTARIO--(Marketwire - Nov. 8, 2010) - Brompton VIP Income Fund (TSX:VIP.UN) has renewed its normal course issuer bid to purchase up to 3,765,300 units of the Fund representing approximately 10% of the public float of 37,653,728 units. The Fund may purchase up to 754,416 units in any 30 day period which is 2% of the 37,720,796 issued and outstanding units at November 2, 2010.As of November 2, 2010, the Fund had purchased 200,100 units under its current bid at an average price of $8.58 per unit.The units may be purchased for cancellation from November 10, 2010 to November 9, 2011 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.Further information on the Fund is available 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: Chris CullenBrompton Funds Management LimitedSenior Vice President(416) 642-9064