CIQ.UN Canadian High Income Equity Fund

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Brompton Funds Management Limited (the "Manager") is pleased to announce that
Canadian High Income Equity Fund (TSX:CIQ.UN)(TSX:CIQ.WT) (the "Fund") has
completed its initial public offering of 10 million Combined Units (each
Combined Unit consists of one Fund unit and one warrant, which will separate
immediately prior to the market open) at $12.00 per Combined Unit for gross
proceeds of $120 million. Each Warrant entitles the holder to purchase one Unit
at a subscription price of $12.00 on or before 5:00 p.m. (Toronto time) on April
15, 2011. The units and warrants commence trading today on the Toronto Stock
Exchange under the symbols CIQ.UN for the units and CIQ.WT for the warrants.


The Fund's investment objectives are to provide Unitholders with (i) a high
monthly cash distribution, and (ii) the opportunity for capital appreciation,
through investment in an actively managed portfolio of publicly listed or traded
Canadian securities, including income trusts, royalty trusts, real estate
investment trusts, dividend paying common equities, preferred securities and, to
a lesser extent, debt securities, non-dividend paying equities and foreign
securities.


The Fund has been created to capitalize on the many undervalued, high income
investment opportunities in the income trust sector and the expanding
high-income common equity market that the Investment Manager, Bloom Investment
Counsel, Inc., believes will emerge in 2011 and beyond. The Investment Manager
is a specialist in income-oriented investments and has a strong, long-term track
record of managing portfolios of Canadian income trusts and dividend paying
equities, including the Investment Manager's flagship fund, Blue Ribbon Income
Fund. In addition, Paul Bloom was recognized in September 2009 as one of the 50
TopGun Canadian Equity Portfolio Managers by Brendan Wood International.


The syndicate of agents for the offering is being co-led by CIBC World Markets
Inc. and RBC Capital Markets, and includes BMO Capital Markets, National Bank
Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital
Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Desjardins
Securities Inc., Dundee Securities Corporation, Manulife Securities
Incorporated, Mackie Research Capital Corporation, Macquarie Capital Markets
Canada Ltd., and Wellington West Capital Markets Inc.


For further information, please contact your financial advisor, call our
investor relations line at 416-642-9051 (toll-free at 1-866-642-6001), or visit
our website at www.bromptongroup.com.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the Combined Units nor will there be any sale of such securities
in any state in which such offer, solicitation or sale would be unlawful.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this press release and to other
matters identified in public filings relating to the Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. 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.

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