Brompton Tech Leaders Income ETF Announces Increased Distributions and Update on Special Year End Distribution
25 January 2022 - 9:56AM
(TSX: TLF, TLF.U) – Brompton Funds is pleased to
announce an increase in monthly distributions for record dates from
January to March 2022 for Brompton Tech Leaders Income ETF (“the
Fund”):
|
Ticker |
Amount Per Unit |
Brompton Tech Leaders Income ETF |
TLF |
Cdn$ 0.08333 |
|
TLF.U |
US$ 0.08333 |
Record Dates and Payment Dates are as
follows:
Record Date |
Payment Date |
January 31, 2022 |
February 14, 2022 |
February 28, 2022 |
March 14, 2022 |
March 31, 2022 |
April 14, 2022 |
The new distribution rate for TLF of $1.00 per
annum, or 5.2% based on the TSX mid-day price of $19.32 on January
24, 2022, represents a 25% increase from the previous level. TLF
has paid 127 consecutive monthly distributions since inception on
May 20, 2011 for total distributions of $7.03 per unit. TLF.U is
the unhedged unit and will also enjoy a US$1.00 per unit annual
distribution rate.
On December 22, 2021, the Fund announced a
special year end distribution for TLF estimated to be $1.55 per
unit to unitholders of record at the close of business on December
31, 2021 which were automatically reinvested in additional units.
Immediately following the issuance, the units of TLF were
automatically consolidated and as a result, unitholders held the
same number of units after the distribution as they did before.
This amount is final at $1.55 per unit.
The Fund provides investors with exposure to a
portfolio of equity securities of large capitalization global
Technology companies, providing the opportunity for capital
appreciation, and the opportunity for enhanced distributions and
higher risk-adjusted returns due to an active covered-call writing
program.
Unitholders are reminded that TLF offers a
distribution reinvestment plan (“DRIP”) which provide unitholders
with the ability to automatically reinvest distributions,
commission free, and realize the benefits of compound growth.
Unitholders can enroll in a DRIP program by contacting their
investment advisor.
About Brompton FundsFounded 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. 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.
Annual Compound Returns |
1-year |
3-year |
5-year |
10-year |
Since Inception TLF |
Since Inception TLF.U |
Brompton Tech Leaders Income ETF – (CAD hedged) |
30.4% |
35.3% |
28.2% |
17.8% |
15.9% |
- |
Brompton Tech Leaders Income ETF – (USD) |
31.0% |
- |
- |
|
- |
35.6% |
Returns are for the periods ended December 31,
2021 and are unaudited. TLF inception date May 20, 2011. TLF.U
inception date August 8, 2019. This table shows the unit’s compound
return for each period indicated.
Commissions, trailing commissions, management
fees and expenses all may be associated with exchange-traded fund
investments. Please read the prospectus before
investing. The indicated rates of return are the historical
annual compounded total returns including changes in unit value and
reinvestment of all distributions and do not take into account
sales, redemption, distribution or optional charges or income taxes
payable by any securityholder that would have reduced returns.
Exchange-traded funds are not guaranteed, their values change
frequently and past performance may not be repeated.
Certain statements contained in this document
constitute forward-looking information within the meaning of
Canadian securities laws. Forward-looking information may relate to
matters disclosed in this document 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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