Brompton Funds

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

Split Share Structure
Preferred Shares:

  • 5.25% yield based on $10.00 issue price, paid quarterly
  • Pfd-2 rating by DBRS
Class A Shares:
  • 8.0% targeted yield based on $15.00 issue price, paid monthly
  • Opportunity for capital appreciation

Income
Attractive yields on Preferred and Class A shares

Upside Potential
Potential for capital appreciation due to strong economic fundamentals of Canada's LifeCos and Banks

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 (Nov 13, 2008) $6.56
Inception Date Oct. 17, 2006
Monthly Distribution (Nov 28, 2008) $0.10 (Class A Shares)
Current Yield 15.0% per unit
(based on current monthly distribution annualized/closing market price as of 10/21/2008)
Quarterly Distribution (Sep 30, 2008) $0.13125 (Preferred Shares)
Total Assets (Oct 31, 2008) $192 million
Portfolio Composition Pie-Chart