Brompton Energy Split Corp.

  • Closing Price (Feb 23, 2024)
    $3.22
  • NAV (Feb 23, 2024)
    $3.35
  • Management Fee
    0.70%
  • Unit NAV (Feb 23, 2024)
    $13.47
  • Total Assets (Jan 31, 2024)
    $11 Million
  • Closing Price (Feb 23, 2024)
    $10.15
  • NAV (Feb 23, 2024)
    $10.12
  • Distribution Rate (Feb 23, 2024)
    7.88%
  • Unit NAV (Feb 23, 2024)
    $13.47
  • Total Assets (Jan 31, 2024)
    $11 Million

Why Invest?

  • Actively managed portfolio consisting primarily of dividend-paying  global energy issuers with a market capitalization of at least $2 billion
  • Opportunity to invest in energy subsectors and related industries such as oil & gas exploration and production, equipment, services, pipelines, transportation, infrastructure, utilities, among others
  • Enhanced capital appreciation potential for Class A shares due to leveraged exposure to the portfolio

Preferred Shares:

  • 1-year term, subject to extension for periods of up to five years, as determined by the board of directors
  • Quarterly cumulative preferred distributions (primarily eligible Canadian dividends)
  • Dividend resets at end-of-term extension, based on comparable market yields, without complicated reset formulas
  • Shareholder’s option to redeem at end-of-term, with no restrictions.

Class A Shares:

  • Monthly distributions (primarily return of capital)(1)
  • Opportunity for capital appreciation
  • Shareholder’s option to redeem at end-of-term, with no restrictions
  • Dividend Reinvestment Plan (DRIP) available

FUND FACTS

  • Ticker (Class A Shares)
    ESP
  • CUSIP (Class A Shares)
    11222H101
  • Outstanding (Class A Shares) (Feb 23, 2024)
    822,414
  • Ticker (Preferred Share)
    ESP.PR.A
  • CUSIP (Preferred Share)
    11222H200
  • Outstanding (Preferred Share) (Feb 23, 2024)
    822,414
  • Maturity Date
    March 28, 2025
  • Inception Date (CAD Hedged)
    February 24, 2015
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Currency
    CAD
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Annual Concurrent Retraction Date
    Second last business day of March
  • Annual Retraction Notice Deadline
    10 business days prior to the second last business day March
  • Non-Concurrent Retraction Right Date
    March 28, 2024
  • Non-Concurrent Retraction Right Deadline
    February 29, 2024

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

Brompton Energy Split Corp.

Summary of Investment Portfolio as at January 31, 2024

Total Net Asset Value$10,709,000

Holdings

% of Portfolio% of Net Asset Value
Cameco Corp.6.6%
Marathon Petroleum Corp.6.5%
Canadian Natural Resources Ltd.6.2%
Diamondback Energy Inc.6.2%
Imperial Oil Ltd.6.1%
ARC Resources Ltd.6.0%
Williams Companies Inc.6.0%
ONEOK Inc.5.9%
Targa Resources Corp.5.9%
Suncor Energy Inc.5.9%
Cenovus Energy Inc.5.9%
Tourmaline Oil Corp.5.8%
TotalEnergies SE5.7%
Conocophillips5.6%
EOG Resources Inc.5.4%
Occidental Petroleum Corp.5.4%
Marathon Oil Corp.5.3%
Cash0.9%
Other net assets (liabilities)-1.3%
Total0%100%
Performance NAV History

Annual Compound Returns(1)

YTD 1-Year 3-Year 5-Year Since Inception(2)
Brompton Oil Split Corp. - Class A (1.6%) (37.8%) * 18.9% (12.7%)
Brompton Oil Split Corp. - Preferred 0.7% 8.0% 25.4% 7.7% 6.6%
Brompton Oil Split Corp. - Unit 0.1% (6.2%) 34.1% 9.7% 0.1%

Year-by-Year Returns

2023 2022 2021 2020 2019 2018 2017 2016 2015
Brompton Oil Split Corp. - Class A (34.0%) * 0.0% (100.0%) 1377.6% (98.9%) (37.8%) 57.8% (42.3%)
Brompton Oil Split Corp. - Preferred 7.8% 9.5% 70.3% (31.5%) 5.1% 5.1% 5.1% 5.1% 4.3%
Brompton Oil Split Corp. - Unit (4.7%) 52.2% 70.3% (36.7%) 12.5% (30.6%) (15.7%) 26.2% (22.1%)

Returns for Brompton Oil Split Corp. are unaudited.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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Distributions

For the purposes of the Income Tax (Canada) and any similar provincial legislation, to the extent that distributions on either the Class A or Preferred shares are characterized as dividend payments, the Company designates any and all dividends paid on both its Class A and Preferred shares as “eligible dividends” unless the Company indicates otherwise.

The annual breakdown of distributions for tax purposes will be provided to shareholders annually in February. This information will also be posted on the website as soon as it is available.

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.

DRIP Plan

Tax Allocation

The following information is applicable to holders who, for the purpose of the Income Tax Act (Canada), are resident in Canada and hold shares as capital property outside of an RRSP, RRIF or DPSP. Shareholders should receive a T5 slip from their investment dealer providing this information.

T5 supplementary slips will indicate Capital Gains Dividends in Box 18 and Actual Amount of Eligible Dividends in Box 24. Dividend incomes is subject to the standard gross-up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units.

Select a year

Preferred Share

Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Dec 29, 2023 Jan 15, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.20000
Sep 29, 2023 Oct 16, 2023 0.00000 0.05799 0.00000 0.00000 0.00000 0.14201 0.20000
Jun 30, 2023 Jul 17, 2023 0.00000 0.05799 0.00000 0.00000 0.00000 0.14201 0.20000
Mar 31, 2023 Apr 17, 2023 0.00000 0.04724 0.00000 0.00000 0.00000 0.11568 0.16292
Dec 30, 2022 Jan 16, 2023 0.00000 0.04712 0.00000 0.00000 0.00000 0.11538 0.16250
Sep 30, 2022 Oct 17, 2022 0.00000 0.06055 0.00000 0.00000 0.00000 0.10195 0.16250
Jun 30, 2022 Jul 15, 2022 0.00000 0.06055 0.00000 0.00000 0.00000 0.10195 0.16250
Mar 31, 2022 Apr 14, 2022 0.00000 0.06055 0.00000 0.00000 0.00000 0.10195 0.16250
Dec 31, 2021 Jan 17, 2022 0.00000 0.06055 0.00000 0.00000 0.00000 0.10195 0.16250
Sep 30, 2021 Oct 15, 2021 0.00000 0.03394 0.00000 0.00000 0.00000 0.12856 0.16250
Jun 30, 2021 Jul 15, 2021 0.00000 0.03394 0.00000 0.00000 0.00000 0.12856 0.16250
Mar 31, 2021 Apr 15, 2021 0.00000 0.03394 0.00000 0.00000 0.00000 0.12856 0.16250
Total 0.00000 0.55436 0.00000 0.00000 0.00000 1.30856 2.06292
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