Brompton Announces Results of Special Meetings
29 Agosto 2018 - 2:12PM
(TSX: DGS, DGS.PR.A, SBC, SBC.PR.A) Brompton Funds
Limited (the “Manager”) is pleased to announce that at special
meetings of preferred and class A shareholders (“Shareholders”) of
Dividend Growth Split Corp. (“DGS”) and Brompton Split Banc Corp.
(“SBC”) held today, Shareholders approved special resolutions to
implement amendments to update and modernize the investment
objectives, investment strategies and investment restrictions of
DGS and SBC as well as certain other matters set out in the joint
management information circular dated July 27, 2018 (the
“Circular”).
For DGS, the changes to the investment
objectives, strategy and restrictions are primarily designed to
accomplish the following:
i) expand the investable universe of high
quality dividend growth companies from which the portfolio manager
can select by expanding the financial metrics that may be used to
analyze the portfolio constituents, including forward-looking
metrics;
ii) provide for up to 20% of the portfolio to be
invested, from time to time, in global dividend growth companies;
and
iii) allow the Manager to rebalance and/or
reconstitute the portfolio more frequently than annually, at its
discretion, for reasons other than the suspension of dividends,
mergers or fundamental corporate actions or exceptional
circumstances, so that DGS may respond to security or market
developments on a timely basis.
For SBC, the changes to the investment
objectives, strategy and restrictions are primarily designed to
accomplish the following:
i) allow the Manager to rebalance and/or
reconstitute the portfolio more frequently than annually, at its
discretion, for reasons other than mergers or fundamental corporate
actions, so that SBC may respond to security or market developments
on a timely basis; and
ii) provide for up to 10% of the portfolio to be
invested, from time to time, in global financial companies.
Further information relating to these and other
changes are described in more detail in the Circular. These changes
are expected to be implemented as soon as reasonably possible.
About Brompton Funds
Brompton Funds, a division of Brompton Group
which was founded in 2000, is an experienced investment fund
manager with over $2 billion in assets under management. Brompton’s
investment solutions include TSX traded funds, mutual funds and
flow-through limited partnerships. 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
info@bromptongroup.com or visit our website at
www.bromptongroup.com.
You will usually pay brokerage fees to your
dealer if you purchase or sell shares of an investment fund on the
Toronto Stock Exchange or other alternative Canadian trading system
(an “exchange”). If the shares are purchased or sold on an
exchange, investors may pay more than the current net asset value
when buying shares of an investment fund and may receive less than
the current net asset value when selling them.
There are ongoing fees and expenses associated
with owning shares of an investment fund. An investment fund must
prepare disclosure documents that contain key information about DGS
and SBC. You can find more detailed information about DGS and SBC
in the public filings available at www.sedar.com. 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 DGS or SBC and anticipated events or results and may
include statements regarding the future financial performance of
DGS or SBC. 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.
Brompton Split Banc (TSX:SBC)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Brompton Split Banc (TSX:SBC)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025