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 Advantaged Oil & Gas Income Fund Renews Normal Course Issuer Bid

Monday, April 11, 2011

Brompton Advantaged Oil & Gas Income Fund Renews Normal Course Issuer Bid11:17 EDT Monday, April 11, 2011TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Brompton Advantaged Oil & Gas Income Fund (TSX:AOG.UN) has renewed its normal course issuer bid to purchase up to 1,330,900 units of the Fund representing approximately 10% of the public float of 13,309,776 units. The Fund may purchase up to 266,250 units in any 30 day period which is 2% of the 13,312,481 issued and outstanding units at April 5, 2011.As of April 5, 2011, the Fund had purchased 216,000 units under its current bid at an average price of $5.19 per unit.The units may be purchased for cancellation from April 13, 2011 to April 12, 2012 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.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, 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 Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.Forward-Looking StatementsCertain 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.FOR FURTHER INFORMATION PLEASE CONTACT: Chris CullenBrompton Funds Management LimitedSenior Vice President(416) 642-9064