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Brompton 2012 Flow-Through LP

      BROMPTON 2012 FLOW-THROUGH LIMITED PARTNERSHIP COMPLETES MUTUAL FUND ROLLOVER

      Toronto, February 27, 2014: Brompton Funds Limited (the “Manager”) is pleased to announce the completion of the tax-deferred transfer of assets of Brompton 2012 Flow-Through Limited Partnership (the “Partnership”). The Partnership has transferred all of its assets to Brompton Resource Fund (“BRF”), a class of Brompton Mutual Funds Limited in exchange for Series B Shares of BRF. The Partnership will be dissolved on or about March 14, 2014.

      Series B Shares of BRF were issued at a net asset value per share of $1.4439. The final net asset value per unit of the Partnership was $19.0390, which represents an after-tax return of 18.6% over the life of the Partnership(1). Partnership units were converted at a rate of 13.185816 Series B Shares of BRF for each Partnership unit. The Series B Shares will offer daily liquidity through FundServ as soon as possible once investment advisors have reconciled positions with FundServ, under fund code CAM 151.

      BRF provides Canadian investors with exposure to a broad array of investments in the natural resource sectors. The Fund’s investment objective is to provide the potential for long-term growth of capital and to a lesser extent, the production of income. BRF offers daily subscriptions and redemptions and investors also have the opportunity to switch tax-free into the Brompton Dividend & Income Fund (“BDIF”), should investors wish to reduce their exposure to the resource sector. BDIF produced a total return in 2013 of 21.5%, representing an 8.5% outperformance of the S&P/TSX Composite Total Return Index. The Portfolio Managers of both BRF and BDIF are Laura Lau and Mike Clare, who are also the Portfolio Managers for the Brompton Flow-Through Limited Partnerships. The lead portfolio manager is Laura Lau, an award winning portfolio manager with over 20 years of experience.(2)

      BRF will not charge a fee or commission when the Series B shares are issued under the mutual fund rollover transaction and will not charge redemption fees.

      BRF will not issue certificates for Series B Shares. BRF is a fund class of Brompton Mutual Funds Limited which is a mutual fund corporation incorporated under the laws of Canada. BRF securities are sold under a continuous offering prospectus and BRF is a reporting issuer for securities law purposes in all provinces of Canada. The prospectus contains important information about BRF, including investment strategy, fees and risks. Brompton encourages all investors to read the prospectus for all other terms and conditions of BRF.

      About Brompton Funds

      Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000, toll-free at 1-866-642-6001, email info@bromptongroup.com or visit our website at www.bromptongroup.com.

      FUND FACTS

        2014 Tax Year Breakdown

        T5013 Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

        This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

        Adjusted Cost Base

        Amortization of Issue Costs Schedule

        Partnership account number: 821536687RZ0001
        Tax Shelter ID: TS079707
        Quebec Shelter ID: QAF1201462

        T5013R15DescriptionPer unit
        10526Limited Partner's at-risk amount7.11667
        N/A45Eligible taxable capital gains amount on resource property0.74671
        1287Interest from Cdn Sources0.00599
        1326AActual amount of Eligible Dividends0.00721
        21015ATotal carrying charges0.14532
        15112Capital gains(losses) (R15:not used to calculate the deduction)1.94414

        2013 Tax Year Breakdown

        T5013 Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

        This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

        This tax guide contains tax information relating to Forms T5013 and RL 15 which will assist you in preparing your 2013 income tax return: Brompton Funds Flow-Through Tax Guide 2013 Tax Year

        T5013R15DescriptionPer unit
        10526Limited Partner's at-risk amount7.89938
        N/A45Eligible taxable capital gains amount on resource property3.33817
        1287Interest from Cdn Sources0.01846
        1326AActual amount of Eligible Dividends0.00668
        21015ATotal carrying charges1.39792
        15112Capital gains(losses) (R15:not used to calculate the deduction)7.46546

        2012 Tax Year Breakdown

        T5013A Federal tax forms and RL 15 Quebec tax forms will be issued by investment dealers to all unitholders, as applicable, based on the following per unit tax information.

        This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

        This tax guide contains tax information relating to Forms T5013A and RL 15 which will assist you in preparing your 2012 income tax return: Brompton Funds Flow-Through Tax Guide 2012 Tax Year

        T5013(A)R15 DescriptionPer unit
        22-126Limited Partner's at-risk amount25.45291
        22-2N/ALimited Partner's adjusted at-risk amount25.45291
        N/A45Eligible taxable capital gains amount on resource property0.226456
        507Interest from Cdn Sources0.073644
        5915ACarrying charges0.537889
        7012Capital gains(losses)0.452912
        12060Cdn exploration expense - renunciation24.55475
        128N/AAmount - Exp qualifying for ITC7.639154
        141N/ABC - Expenses - Tax Credit1.792214
        145N/AON - Expenses - Tax Credit0.970638