Distribution Reinvestment Plan

Pursuant to the Fund's Distribution Reinvestment Plan ("DRIP"), unitholders who are resident in Canada can elect to reinvest their monthly distribution in additional units of the Fund. The DRIP provides unitholders with the potential to maximize the compound growth of their investment and provides other advantages including:

• Automatic, no hassle reinvestment of monthly distributions at a high rate of return;
• Commission-free acquisition of additional units. Such units acquired pursuant to the DRIP qualify for the service fee;
• Registered and non-registered accounts are eligible for the DRIP; and
• Purchase of additional units for cash up to $20,000 annually.

Pricing Mechanism

Distributions due to the plan participants will be used to purchase units from the Fund or in the market. If the weighted average trading price on The Toronto Stock Exchange for the 10 trading days immediately preceding the relevant distribution date, plus commissions (the "Market Price") is less than the net asset value per unit on the distribution date, the Plan Agent shall apply the distributions either to purchase units in the market or from treasury as follows. Purchases in the market will be made during the 10 trading day period following the distribution date and the price paid for those units will not exceed 115% of the Market Price. On the expiry of that period, the unused part, if any, of the distributions will be used to purchase units from the Fund at the higher of (i) the net asset value per unit on the relevant distribution date and (ii) 95% of the Market Price.

If the Market Price is equal to or greater than the net asset value per unit, the Plan Agent shall apply the distributions to purchase units from the Fund through the issue of new units at the higher of (i) the net asset value per unit on the relevant distribution date and (ii) 95% of the Market Price.

How to Enrol

Unitholders can enrol in the DRIP program by contacting their Investment Advisor and requesting that they be enroled in the Brompton VIP Income Fund Distribution Reinvestment Plan. Investment Advisors are required to notify their distribution/dividend department in order to enrol a client in the DRIP program.

Unitholders may opt in or out of the DRIP at any time, however elections must be received at least 2 business days prior to the record date to be considered for enrolment in the next distribution. The distribution record date is the last business day of the month. Certificates are not issued including those acquired through the DRIP and a unitholder's brokerage account is credited monthly with the units acquired via the DRIP.