Home / product / Taylor North American Equity Opportunities Fund

Taylor North American Equity Opportunities Fund

Invest Now

TAYLOR NORTH AMERICAN EQUITY OPPORTUNITIES FUND COMPLETES MERGER WITH BROMPTON GLOBAL DIVIDEND GROWTH ETF Toronto, January 29, 2019 – (TSX: TOF.UN; BDIV) 

Brompton Funds Limited (the “Manager”), the manager of Taylor North American Equity Opportunities Fund (“TOF”) is pleased to announce the completion of the merger (the “Merger”) of TOF into Brompton Global Dividend Growth ETF (“BDIV”and together with TOF, the “Funds”) effective January 29, 2019. The Merger was approved at a special
meeting of unitholders of TOF held on November 30, 2018.

The Merger was implemented using exchange ratios based on the relative net asset value (“NAV”) per unit of each of TOF and BDIV, each determined as at the close of business on January 28, 2019. The table below provides the NAV per unit for each of the Funds and the applicable exchange ratio at such time.

TOF per unit $9.3794
BDIV per unit $18.9407
Exchange Ratio 0.495198

Unitholders of TOF are not required to take any action in order to be recognized as unitholders of BDIV. Units of BDIV issued to former unitholders of TOF pursuant to the Merger will continue to trade on the Toronto Stock Exchange under the symbol “BDIV”.

View full Press Release

Brompton Global Dividend Growth ETF

 

FUND FACTS

Portfolio Manager

David Taylor of Taylor Asset Management Inc. has been managing equities for 25 years and funds managed by David Taylor have won  15 Lipper Awards(1) and 3 Morningstar Canada’s Best Canadian Equity Fund Awards(1) in the past decade for short, mid and long-term performance.

Filter By Document Type:

Distributions

Distributions from the Fund have tax benefits which results in higher after-tax cash flow than if the income had been earned as interest income.

It is expected that distributions to unitholders will primarily be characterized as combination of capital gains, return of capital and foreign income but may also include ordinary dividends.

The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March. 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

Investors may elect to automatically reinvest their distributions in additional units of the Fund and realize the benefits of compound growth. Any units acquired pursuant to the distribution reinvestment program qualify for the service fee. 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 units as capital property outside of an RRSP, DPSP, RRIF, RESP or TFSA. Unitholders should receive a T3 slip from their investment dealer providing this information.

T3 supplementary slips for holdings of the Fund will indicate Other Income (Investment Income and Non-Investment Income) in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Eligible Dividend Income in Box 49. Dividend income 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 Fund units and is reported on the T3 supplementary slips in Box 42.

The following table outlines the breakdown in the Fund’s distributions declared on a per unit basis

Select a year
Record Date Payment Date Return of Capital Foreign Non- Business Income Foreign Non- Business Income Tax Paid Capital Gains Total Distribution
Dec 31, 2018 Jan 15, 2019 0.00000 0.00000 0.00000 0.00000 0.05200
Nov 30, 2018 Dec 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Oct 31, 2018 Nov 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Sep 28, 2018 Oct 15, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Aug 31, 2018 Sep 17, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Jul 31, 2018 Aug 15, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Jun 29, 2018 Jul 16, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
May 31, 2018 Jun 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Apr 30, 2018 May 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Mar 29, 2018 Apr 13, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Feb 28, 2018 Mar 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Jan 31, 2018 Feb 14, 2018 0.00000 0.00000 0.00000 0.00000 0.05200
Total 0.00000 0.00000 0.00000 0.00000 0.62400
News Releases From to Search