Brompton Group

 

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Investor-Friendly Split Share Primer: English / French

Sector Update with Laura Lau (Apr. 7, 2014): listen now

Portfolio Manager Commentary (Apr. 2014): read now

Portfolio

  • Equal weight portfolio of Canada's four largest publicly-listed life insurance companies and the Big Six Canadian Banks
  • Selective use of covered calls to enhance returns

Split Share Structure
Preferred Shares:

  • Quarterly distributions of $0.11875 per share - commencing Nov. 30, 2013 (primarily dividends)

Class A Shares:

  • Monthly distributions of $0.10 per Class A share - provided that net asset value per unit, each unit consists of one Class A and one Preferred share, is in excess of $15.00 (primarily return of capital)
  • Opportunity for capital appreciation

Low Fees
Management fee of 0.60% of net assets per annum

Experienced Manager
Managed by Brompton Funds Limited, an investment fund manager since 2002.

Liquidity
TSX listing
Retraction rights

Symbol(s)

Class A : LBS
Preferred : LBS.PR.A

NAV (Jul 24, 2014)

Class A : $10.25
Preferred : $10.03

Distribution

Class A (monthly) : $0.10000

Preferred (quarterly) : $0.11875

Distribution Annualized

Class A : $1.20000
Preferred : $0.475

Closing Price

Class A : $10.66 (Jul 28, 2014)
Preferred : $10.36 (Jul 28, 2014)

Current Yield

Class A : 11.30%
Preferred : 4.7%

Total Assets (Jun 30, 2014)

$299 million

Portfolio Summary
Investor Brochure
Sector Breakdown

Bank 61%
Percentage
Insurance 39%
Percentage
Cash and Short-Term Investments 0%
Percentage