/NOT FOR DISTRIBUTION TO
The sales period for this offering is expected to end on
The Preferred Shares will be offered at a price of
The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price plus accrued dividends (if any) to holders of Preferred Shares on the maturity date. On
Based on the most recently calculated net asset value per unit of the Company on
The Company received retraction notices from certain holders of Preferred Shares in connection with the non-concurrent retraction right on
The Company invests in a portfolio consisting of common shares of the six largest Canadian banks and the four major publicly traded Canadian life insurance companies:
Manulife Financial Corporation | Bank of Montreal |
Sun Life Financial Inc. | The Toronto-Dominion Bank |
iA | National Bank of Canada |
Royal Bank of Canada | The Bank of Nova Scotia |
Great-West Lifeco Inc. | Canadian Imperial Bank of Commerce |
About
Founded 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.
(1) See Performance table below. Yield to maturity for the Preferred Share is based on maturity date of
A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Company on the TSX 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 the Company 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 the fund. You can find more detailed information about the Company in its public filings available at www.sedarplus.ca. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
1-Yr | 3-Yr | 5-Yr | 10-Yr | S.I. | |
Preferred Shares (TSX: LBS.PR.A) | 5.6 % | 5.6 % | 5.5 % | 5.2 % | 5.3 % |
S&P/TSX Preferred Share Index | (4.5 %) | 1.2 % | (0.9 %) | 0.7 % | 1.4 % |
Class A Shares (TSX: LBS) | 16.1 % | 29.8 % | 7.5 % | 12.1 % | 9.0 % |
S&P/TSX Capped Financials Index | 4.4 % | 13.4 % | 6.5 % | 9.1 % | 7.5 % |
Returns are for the periods ended
Past performance does not necessarily indicate how the Preferred Shares and Class A Shares will perform in the future. The information shown is based on the redemption price per Preferred Share or net asset value per Class A Share and assumes that distributions made by the Company on the Preferred Shares and Class A Shares in the periods shown were reinvested (at the net asset value per Class A Share or redemption price per Preferred Share) in additional Preferred Shares or Class A Shares of the Company.
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 Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. 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.
The securities offered have not been registered under the
SOURCE
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