Brompton Funds
Portfolio
Investment grade portfolio: 100% of portfolio is invested in fixed income securities rated at least investment grade at time of purchase, primarily US Preferred securities, portfolio is highly diversified by issuer and issue.
Rating
Fund is rated P-2f rating from Standard & Poor’s
High Monthly Income
Pays a monthly distribution at an annual rate of $0.96 per unit
Currency Hedge
The portfolio will be hedged back to Canadian dollars to protect against currency risk.
Best-in-Class Portfolio Manager
Established in 1983, Flaherty & Crumrine Incorporated (F&C) is the oldest and most experienced asset manager specializing in preferred securities with extensive experience in debt instruments, approximately $2.6 billion AUM.
Low Fees
Management fee of 1.0% of net assets per annum, which includes fees payable to the Portfolio Manager
Strong Corporate Governance
Managed by Brompton Funds Management Limited
Liquidity
TSX listing
Annual redemptions
Market repurchases (issuer bid)
| TSX Symbol (click for quote) | FFI.UN |
| NAV (Mar 5, 2010) |
$9.90 (Basic)
The basic net asset value per unit is calculated by dividing the net assets of the Fund, which consists of total assets less the aggregate value of the liabilities, not including issued but unexercised warrants, by the total number of units outstanding.
$9.60 (Diluted)
Diluted net asset value per unit assumes the exercise of all outstanding warrants if the closing price per unit on the valuation date is in excess of the warrant exercise price. Total net assets would be increased by the amount of cash received (all warrants outstanding multiplied by the warrant exercise price, less costs) from exercise of the warrants and total units outstanding would be increased by the number of units issued pursuant to the exercise of the warrants. If the closing price per unit on the valuation date is less than the warrant exercise price, the basic and diluted net asset value per unit will be the same.
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| Inception Date | Dec. 15, 2004 |
| Monthly Distribution (Feb 26, 2010) | $0.08 |
| Current Yield | 10.3% per unit (based on current monthly distribution annualized/closing market price as of 3/9/2010) |
| Total Assets (Dec 31, 2009) | $127 million |
Dec. 31, 2008 News release Dec. 1, 2008 News release Sept. 15, 2008 News Release Oct. 7, 2008 Information Circular
Dec. 4, 2009 - News Release Warrants FAQ Dec. 3, 2009 - Warrants Offering English Final Prospectus Dec. 3, 2009 - Warrants Offering French Final Prospectus