TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) — (TSX: SPLT) – Brompton Split Corp. Preferred Share ETF (the “Fund”) launched on June 12, 2023 with an opening net asset value of $10.00 per unit. As of January 23, 2024, the net asset value has grown to $10.31 per unit in part because of capital appreciation in the portfolio and the effects of rates resetting higher within the portfolio. As a result of strong fundamentals in the split preferred asset class, Brompton Funds is pleased to announce an increase in monthly distributions for record dates from January to March 2024:
| Ticker | Amount Per Unit | |
| Brompton Split Corp. Preferred Share ETF | SPLT | Cdn$ 0.055 |
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 the Fund of $0.66 per annum represents a 5.6% increase from the previous level of $0.625 per annum. The Fund has paid 7 consecutive monthly distributions since inception on June 12, 2023 for total distributions of $0.36 per unit.
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.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. 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.
Bay Street News
