TORONTO, Nov. 22, 2023 (GLOBE NEWSWIRE) — (TSX:BREA) Brompton Funds Limited (the “Manager”), is pleased to announce that Brompton Global Real Assets Dividend ETF (“BREA”) has changed its name to Brompton Sustainable Real Assets Dividend ETF and the investment objectives of the fund have been amended to integrate ESG considerations into the investment process.
BREA invests in a diversified actively managed portfolio consisting of securities of global real asset companies which include companies involved in the real estate, utilities, or infrastructure sectors and may at the Manager’s discretion include companies that supply services or equipment to, or that make investments in, real asset companies. Real asset companies may be involved in traditional real asset business activities such as ownership and operation of power plants, pipelines, transportation infrastructure, telecommunications networks, commodities-related businesses, or real estate. The Manager integrates ESG factors when selecting securities for BREA’s portfolio.
In order to increase distributable cash and to reduce portfolio volatility, the Manager may, at its discretion, write covered calls on BREA’s portfolio. BREA’s current monthly distribution is $0.08333 per month ($1.00 per annum) which represents a 4.1% rate based on the November 18, 2023 closing price.
| Compound Annual NAV Returns to October 31, 2023 | YTD | 1-Yr | S.I. | |||
| Brompton Sustainable Real Assets Dividend ETF | 16.1% | 25.0% | 18.6% | |||
About Brompton Funds
Founded in 2000, Brompton Funds Limited (“Brompton”) is an experienced investment fund manager with income focused investment solutions including Toronto Stock Exchange listed closed-end funds and exchange-traded 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 us at [email protected] or visit our website at www.bromptongroup.com.
Returns are for the periods ended October 31, 2023 and are unaudited. Inception date April 30, 2020. The table shows BREA’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 returns 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 tax 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 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 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.
