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Back to Home » February 2017 News » Brompton 2015 Flow-Through Limited Partnership Completes Mutual Fund Rollover |
Brompton 2015 Flow-Through Limited Partnership Completes Mutual Fund Rollover |
February 15, 2017
TORONTO, ONTARIO--(Marketwired - Feb. 14, 2017) - Brompton Funds Limited (the "Manager") is pleased to announce the completion of the tax-deferred transfer of assets of Brompton 2015 Flow-Through Limited Partnership (the "Partnership"). The Partnership has transferred all of its assets to Brompton Resource Class ("BRF"), a class of Brompton Mutual Funds Limited in exchange for Series B Shares of BRF. The Partnership will be dissolved on or about February 28, 2017. Series B Shares of BRF were issued at a net asset value per share of $0.7151. The final net asset value per unit of the Partnership was $23.5274 which represents an after-tax return of 48.2% over the life of the Partnership(1). Partnership units were converted at a rate of 32.900853 Series B Shares of BRF for each Partnership unit. The Series B Shares will offer daily liquidity through FundServ as soon as possible once investment advisors have reconciled positions with FundServ, under fund code CAM 151.
Source URL: http://www.marketwired.com/mw/release.do?id=2195894&sourceType=3
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