For further information, please contact your investment advisor, call Brompton’s investor relations line at 41 (toll-free at 1-86), email or visit our website at (1) See Performance table below. ( 1)įounded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds. Over the last 10 years, the Class A Shares have delivered an 18.8% per annum total return based on net asset value (“NAV”) and the Preferred Shares have returned 5.2% per annum, as of June 30, 2022.
(1) The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (“Unit”) (calculated as at July 14, 2022), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering. The Class A Shares were offered at a price of $8.65 per Class A Share for a distribution rate of 13.9% on the issue price, and the Preferred Shares were offered at a price of $10.00 per Preferred Share for a yield to maturity of 5.6%. The Company has granted the Agents (as defined below) an over-allotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15% of the number of Class A Shares and Preferred Shares issued at the closing of the offering. The offering is expected to close on or about Jand is subject to certain closing conditions. Gross proceeds of the offering are expected to be approximately $43.3 million. (the “Company”) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively).
TORONTO, J(GLOBE NEWSWIRE) - (TSX: LBS, LBS.PR.A) Life & Banc Split Corp. newswire services or for dissemination in the United States.
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