Brompton Flaherty & Crumrine Investment Grade Preferred ETF Risk Rating Change
31 Julio 2020 - 7:21AM
(TSX:BPRF, BPRF.U) Brompton Flaherty &
Crumrine Investment Grade Preferred ETF (the “Fund”) announces a
change to the risk rating of the Fund.
The change to the Fund’s risk rating is a result
of ongoing review of the risk rating and not as a result of any
changes to the Fund’s investment objectives, strategies,
restrictions or management of the Fund.
|
Previous Risk Rating |
New Risk Rating |
|
|
Low |
Low to Medium |
|
About Flaherty &
CrumrineFlaherty & Crumrine Incorporated (“FCI”) is
the sub-advisor to the Fund. FCI was established in 1983 and
specializes in US-dollar-denominated preferred securities and
corporate debt instruments. The firm uses 30 years of proprietary
data on over 1,500 preferred securities to carry out intensive
credit analysis, thorough vetting of securities’ terms and
structures, and active portfolio management, with the goal of
exploiting pricing inefficiencies in the preferred securities
market to provide attractive rates of return to investors.
About Brompton FundsFounded in
2000, Brompton Funds Limited (“Brompton”) is an experienced
investment fund manager with with income focused investment
solutions including Toronto Stock Exchange listed closed-end funds
and exchange-traded funds. For further information, please contact
your investment advisor, call Brompton’s investor relations line at
416-642-6000 (toll-free at 1-866-642-6001), email us at
info@bromptongroup.com or visit our website at
www.bromptongroup.com.
Commissions, trailing commissions, management
fees and expenses all may be associated with exchange-traded fund
investments. Please read the prospectus before
investing. Exchange-traded 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. 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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