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.
(1) No distributions will be paid on the Class A Shares if (i) the distributions payable on the Preferred Shares are in arrears, or (ii) in respect of a cash distribution, after the payment of a cash distribution by the Company the NAV per Unit would be less than $15.00.
(2) Subject to the extension of the term for periods of up to five years as determined by the board of directors. The announcement of any extension will be made by news release at least 60 days prior to the then current termination date.
(3) Based on the $0.625 annual distribution rate for Preferred Shares for the new 5-year term from November 30, 2022 to November 29, 2027.
This webpage is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds 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 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.sedarplus.ca. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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Summary of Investment Portfolio as at April 30, 2024
% of Portfolio | % of Net Asset Value | |
---|---|---|
Toronto-Dominion Bank | 15.8% | |
National Bank of Canada | 15.0% | |
Royal Bank of Canada | 15.0% | |
Canadian Imperial Bank of Commerce | 14.8% | |
Bank of Nova Scotia | 14.7% | |
Bank of Montreal | 14.5% | |
Brompton North American Financials Dividend ETF | 9.4% | |
Cash | 1.1% | |
Other net assets (liabilities) | -0.3% | |
Total | 100% |
1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.
YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception(3) | Since Inception(4) | Since Inception(2) | |
---|---|---|---|---|---|---|---|---|
Brompton Split Banc Corp. - Class A | 1.7% | 8.2% | 2.1% | 7.4% | 9.8% | 10.2% | ||
Brompton Split Banc Corp. - Preferred | 2.1% | 6.4% | 5.7% | 5.5% | 5.1% | 5.2% | ||
Brompton Split Banc Corp. - Unit | 1.9% | 6.9% | 3.7% | 6.4% | 8.0% | 8.0% |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Brompton Split Banc Corp. - Class A | 10.8% | (24.3%) | 68.1% | (0.4%) | 27.1% | (19.3%) | 20.3% | 49.8% | (12.5%) | 20.1% | 34.8% |
Brompton Split Banc Corp. - Preferred | 6.4% | 5.2% | 5.1% | 5.1% | 5.1% | 5.1% | 4.6% | 4.6% | 4.6% | 4.6% | 4.6% |
Brompton Split Banc Corp. - Unit | 8.2% | (14.2%) | 40.3% | 1.2% | 17.5% | (10.2%) | 14.1% | 28.5% | (5.5%) | 13.4% | 20.0% |
(1) The chart is hypothetical and intended for illustrative purposes only. The chart reflects a hypothetical $10,000 investment based on Net Asset Value per unit and assumes that distributions made by the Fund on its units were reinvested at Net Asset Value per unit in additional units of the Fund. The chart is derived from data supplied by Morningstar. © 2024 Morningstar. All Rights Reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
(2) Returns are for the periods ended April 30, 2024. The tables above shows the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per Class A share and per unit, or the redemption price per Preferred share and assumes that distributions (including deemed distributions based on the intrinsic value of the warrants at approximately the exercise date of the warrants) made by the Fund on the Class A shares, Preferred shares and units in the periods shown were reinvested (at Net Asset Value per Class A share and per unit, or the redemption price per Preferred share) in additional Class A shares, units and Preferred shares of the Fund. The tables above show the Fund’s year-by-year and compound returns on a Class A share, Preferred share and unit for each period indicated.
(3) Period from November 16, 2005 (commencement of operations) to April 30, 2024.
Returns for Brompton Split Banc Corp. are unaudited.
This webpage is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds 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 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.sedarplus.ca. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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 |
---|---|---|---|---|---|---|---|---|
Apr 30, 2024 | May 14, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.10000 |
Mar 28, 2024 | Apr 12, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.10000 |
Feb 29, 2024 | Mar 14, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.10000 |
Jan 31, 2024 | Feb 14, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.10000 |
Dec 29, 2023 | Jan 15, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.10000 |
Nov 30, 2023 | Dec 14, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Oct 31, 2023 | Nov 14, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Sep 29, 2023 | Oct 16, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Aug 31, 2023 | Sep 14, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Jul 31, 2023 | Aug 15, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Jun 30, 2023 | Jul 17, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
May 31, 2023 | Jun 14, 2023 | 0.00000 | 0.00223 | 0.00000 | 0.00000 | 0.00000 | 0.09777 | 0.10000 |
Total | 0.00000 | 0.01561 | 0.00000 | 0.00000 | 0.00000 | 0.68439 | 1.20000 |
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