Brompton Funds

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

Split Share Structure
Preferred Shares:

  • Quarterly distributions of $0.13125 per share (primarily dividends)
Class A Shares:
  • Monthly distributions of $0.10 per Class A share (provided that NAV per unit is in excess of $15.00 - click here for further details) (primarily return of capital)
  • Opportunity for capital appreciation

Income
Attractive yields on Preferred and Class A shares

Low Fees
Management fee of 0.60% of net assets per annum, which includes fees payable to Highstreet

Strong Corporate Governance
Managed by Brompton Funds Management Limited

Liquidity
TSX listing
Retraction rights
TSX Symbol (click for quote) LBS (Class A Shares)
LBS.PR.A (Preferred Shares)
NAV (Mar 11, 2010) $9.45 (Class A Shares)
Inception Date Oct. 17, 2006
Monthly Distribution (Feb 26, 2010) $0.10 (Class A Shares)
Current Yield of Class A Shares 11.9% per share
(based on current monthly distribution annualized/closing market price as of 3/11/2010)
Current Yield of Preferred Shares 5.1% per share
(based on current quarterly distribution annualized/closing market price as of 3/11/2010)
Quarterly Distribution (Dec 31, 2009) $0.13125 (Preferred Shares)
Total Assets (Feb 28, 2010) $191 million
Portfolio Composition Pie-Chart