TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) — (TSX: BPRF, BPRF.U) – Brompton Funds is pleased to announce an increase in monthly distributions for record dates from January to March 2024 for Brompton Flaherty & Crumrine Investment Grade Preferred ETF (“the Fund”):
| Ticker | Amount Per Unit | |
| Brompton Flaherty & Crumrine Investment Grade Preferred ETF | BPRF | Cdn$ 0.11 |
| BPRF.U | US$ 0.11 | |
Record Dates and Payment Dates are as follows:
| Record Date | Payment Date |
| January 31, 2024 | February 14, 2024 |
| February 29, 2024 | March 14, 2024 |
| March 28, 2024 | April 12, 2024 |
The new distribution rate for BPRF of $1.32 per annum, or 5.96% based on the TSX closing price of $22.13 on January 23, 2024, represents a 5.6% increase from the previous level of $1.25 per annum. BPRF has paid 62 consecutive monthly distributions since inception on October 15, 2018 for total distributions of $6.51 per unit. BPRF.U is the unhedged unit and will also enjoy a US$1.32 per unit annual distribution rate, an increase from the previous rate of US$1.25 per annum.
Unitholders are reminded that BPRF offers a distribution reinvestment plan (“DRIP”) which provide unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in a DRIP program by contacting their investment advisor.
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.
| Annual Compound Returns | 1-year | 3-year | 5-year | Since Inception BPRF | Since Inception BPRF.U | |||||
| Brompton Flaherty & Crumrine Investment Grade Preferred ETF – (CAD hedged) | 6.5 | % | (1.3 | %) | 3.5 | % | 2.7 | % | – | |
| Brompton Flaherty & Crumrine Investment Grade Preferred ETF – (USD) | 7.0 | % | (1.3 | %) | – | – | 2.1 | % | ||
Returns are for the periods ended December 31, 2023 and are unaudited. BPRF inception date October 15, 2018. BPRF.U inception date August 8, 2019. The table shows the Fund’s compound returns for each period indicated. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on net asset value per unit and assumes that distributions made by the Fund on its units in the periods shown were reinvested at net asset value per unit in additional units of the Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. 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 sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
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 hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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