Brompton Funds
Investment Mandate
To achieve a high level of monthly distributions and the opportunity for capital appreciation by investing in a diversified portfolio of income producing securities including income trusts, dividend paying common shares and fixed income securities.
Top-Ranked Portfolio Manager
MFC Global Investment Management, a division of Manulife Financial Corp. - Alan Wicks and his award-winning team are the lead portfolio managers of the Fund and one of the top-rated managers of income oriented portfolios in Canada.
Income
Pays a high monthly distribution at an annual rate of $1.20 per unit
Strong Corporate Governance
Managed by Brompton Funds Management Limited.
Low Fees
Management fee of 0.85% of net assets per annum, which includes fees payable to the Portfolio Manager
Strong Performance
Achieved 15.5% annual return since inception in February 2002 to June 30, 2008.
Liquidity
TSX listing
Annual redemptions
Market repurchases
| TSX Symbol (click for quote) | VIP.UN |
| NAV (Nov 13, 2008) | $8.16 |
| Inception Date | Oct. 17, 2002 |
| Monthly Distribution (Nov 28, 2008) | $0.10 per unit (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 (Nov 6, 2008) | $0.15 (Preferred Shares) |
| Total Assets (Oct 31, 2008) | $558 million |
At a Special Meeting held on June 9, 2008, unitholders of Brompton Stable Income Fund, Brompton Equal Weight Income Fund, Business Trust Equal Weight Income Fund, BG Top 100 Equal Weighted Income Fund, Brompton Tracker Fund, and BG Income + Growth Split Trust approved an extraordinary resolution to merge the funds with Brompton VIP Income Fund. The reorganization of the Funds was designed to proactively address the uncertainty concerning the future of income trust investments resulting from the Federal government's October 31, 2006 decision to tax income trusts. For historical information on any of the above mentioned funds prior to July 4, 2008, please click on the appropriate fund.
