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.
Summary of Investment Portfolio as at January 31, 2023
|% of Portfolio||% of Net Asset Value|
|Royal Bank of Canada||15.5%|
|National Bank of Canada||15.5%|
|Bank of Montreal||15.4%|
|Canadian Imperial Bank of Commerce||14.8%|
|Bank of Nova Scotia||13.9%|
|Brompton North American Financials Dividend ETF||9.0%|
|Cash and short-term investments||0.6%|
|Other net assets (liabilities)||-0.2%|
|Brompton Split Banc Corp. - Class A||13.2%||(20.2%)||17.2%||8.7%||13.3%||11.0%|
|Brompton Split Banc Corp. - Preferred||1.0%||5.4%||5.2%||5.2%||4.9%||5.1%|
|Brompton Split Banc Corp. - Unit||8.0%||(11.9%)||11.9%||7.1%||9.6%||8.3%|
|Brompton Split Banc Corp. - Class A||(24.3%)||68.1%||(0.4%)||27.1%||(19.3%)||20.3%||49.8%||(12.5%)||20.1%||34.8%||22.0%|
|Brompton Split Banc Corp. - Preferred||5.2%||5.1%||5.1%||5.1%||5.1%||4.6%||4.6%||4.6%||4.6%||4.6%||5.3%|
|Brompton Split Banc Corp. - Unit||(14.2%)||40.3%||1.2%||17.5%||(10.2%)||14.1%||28.5%||(5.5%)||13.4%||20.0%||13.5%|
Returns for Brompton Split Banc 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.
Distributions from the Fund may have tax benefits which result in higher after tax cash flow than if the income had been earned as interest income.
It is expected that the distributions on the Class A shares will mainly be comprised of capital gains or return of capital and over time are expected to include a portion of dividend income. Distributions on the Preferred shares are expected to be mainly characterized as dividend payments, which receive the preferential dividend tax treatment and to a lesser extent return of capital. 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.
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.
Class A 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|
|Mar 31, 2023||Apr 17, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.10000|
|Feb 28, 2023||Mar 14, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.10000|
|Jan 31, 2023||Feb 14, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.10000|
|Dec 30, 2022||Jan 16, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.10000|
|Nov 30, 2022||Dec 14, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Oct 31, 2022||Nov 14, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Sep 30, 2022||Oct 17, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Aug 31, 2022||Sep 15, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Jul 29, 2022||Aug 15, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Jun 30, 2022||Jul 15, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|May 31, 2022||Jun 14, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|
|Apr 29, 2022||May 13, 2022||0.00000||0.02464||0.00000||0.00000||0.00000||0.07536||0.10000|