TORONTO, ONTARIO--(Marketwire - Feb. 22, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Brompton Funds Limited (the "Manager") is pleased to announce that it has filed a final prospectus on behalf of Brompton 2013 Flow-Through Limited Partnership (the "Partnership") in respect of its initial public offering of units. The initial closing is anticipated to be on or about March 12, 2013 and a subsequent closing may occur thereafter.
The Partnership has been created to seek to achieve capital appreciation and to provide tax benefits to investors by investing in a portfolio of resource companies primarily engaged in the oil and gas and mining sectors. The Partnership will seek to achieve this objective by investing in flow-through shares of resource companies such that limited partners will be entitled to claim certain deductions from their taxable income. Investors are expected to receive tax deductions equal to 100% of the amount invested for the 2013 taxation year.
Brompton Funds Limited is the investment fund manager and portfolio manager of the Partnership. The portfolio management team is led by Laura Lau, an award winning portfolio manager who has a proven track record in managing flow-through funds and resource assets and has over 19 years of experience in financial services. The team also includes Michael Clare, an experienced energy and flow-through portfolio manager who joined the Brompton team pursuant to Brompton's acquisition of Creststreet's fund management business.
The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC and includes BMO Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., GMP Securities L.P., Macquarie Private Wealth Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Mackie Research Capital Corporation and Raymond James Ltd.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is a leading and experienced investment fund manager. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. 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 firstname.lastname@example.org or visit our website at www.bromptongroup.com.
This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the above-mentioned agents. Investors should read the prospectus before making an investment decision.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Partnership's publicly filed documents which are available from SEDAR 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 news release and to other matters identified in public filings relating to the Partnership, to the future outlook of the Funds and anticipated events or results and may include statements regarding the future financial performance of the Funds. 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 for a variety of reasons.
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 news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.