Brompton Funds
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)
- 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
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 |
