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 $0.84 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
Liquidity
TSX listing
Annual redemptions
Market repurchases
| TSX Symbol (click for quote) | VIP.UN |
| NAV (Aug 26, 2010) |
$8.93
The basic net asset value per unit is calculated by dividing the net assets of the Fund, which consists of total assets less the aggregate value of the liabilities, not including issued but unexercised warrants, by the total number of units outstanding.
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| Inception Date | Oct. 17, 2002 |
| Monthly Distribution (Aug 31, 2010) | $0.07 per unit (Class A Shares) |
| Current Yield | 9.6% per unit (based on current monthly distribution annualized/closing market price as of 9/2/2010) |
| Total Assets (Jul 31, 2010) | $519 million |
Fund Mergers
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.
Replay of March 23, 2010 Conference Call Click here