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Precious Metals Bullion Trust

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PRECIOUS METALS BULLION TRUST TO TERMINATE

Toronto, August 9, 2017 – (TSX: PBU.UN) – The Board of Directors of Brompton Funds Limited (the “Manager”), manager of Precious Metals Bullion Trust (the “Fund”) has approved the termination of the Fund on or about October 12, 2017 (“Termination Date”). This news release serves as notice of termination to unitholders of the Fund. The Board of Directors of the Manager determined that the termination of the Fund is in the best interest of the unitholders of the Fund for the following reasons: (i) the net asset value of the Fund has declined to approximately $3.9 million from redemptions resulting in the potential de-listing of units on the TSX; (ii) an increasing management expense ratio and reduced trading liquidity for unitholders; and (iii) limited growth opportunities for the Fund, due in part to regulatory changes prohibiting the use of rights and warrants to increase assets of the Fund.

After all liabilities have been satisfied or provided for, the net assets of the Fund will be distributed in cash to unitholders of the Fund on a pro rata basis (“Termination Payment”) on or about the Termination Date.

Unitholders will continue to have the right to redeem their units in the Fund on a monthly or quarterly basis prior to the Termination Date. However, the redemption payment related to the October quarterly redemption is expected to be paid at the same time as the Termination Payment. All units not redeemed prior to the Termination Date will be automatically redeemed at that time and the Termination Payment will be paid at the close of business on the Termination Date. No action is required by Unitholders in order to receive the Termination Payment.

FUND FACTS

Select a year
Record Date Payment Date Investment Income Total Distribution Redemption Proceeds
Jul 30, 2014 Aug 15, 2014 0.00000 12.52970 0.00000
Jul 30, 2014 Aug 15, 2014 0.00000 12.52970 0.00000
Oct 31, 2013 Nov 14, 2013 0.87980 13.28120 12.40140
Oct 31, 2013 Nov 14, 2013 0.87980 13.28120 12.40140
Jul 31, 2013 Aug 15, 2013 0.04130 12.40660 12.36530
Jul 31, 2013 Aug 15, 2013 0.04130 12.40660 12.36530
Apr 30, 2013 May 14, 2013 1.85680 14.11080 12.25400
Apr 30, 2013 May 14, 2013 1.85680 14.11080 12.25400
Jan 30, 2013 Feb 14, 2013 4.71790 16.84090 12.12300
Jan 30, 2013 Feb 14, 2013 4.71790 16.84090 12.12300
Dec 31, 2012 Dec 31, 2012 0.16860 0.16860 0.00000
Dec 31, 2012 Jan 15, 2013 0.12000 0.12000 0.00000
Total 15.28020 138.62700 98.28740
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