An anonymous director of Brompton Funds reports

BROMPTON ENERGY SPLIT CORP. ANNOUNCES PREFERRED SHARE DISTRIBUTION RATE

The distribution rate for Brompton Energy Split Corp. preferred shares for the new term from March 29, 2024, to March 28, 2025, has been increased to 82.5 cents per preferred share per annum (8.25 per cent on the par value of $10) payable quarterly which is an increase from 80 cents per preferred share per annum. The new preferred share distribution rate is based on current market rates for preferred shares with similar terms.

The fund invests in an actively managed portfolio consisting primarily of equity securities of dividend-paying (at the time of investment) global energy issuers with a market capitalization of at least $2-billion (at the time of investment) which may include companies operating in energy subsectors and related industries such as oil and gas exploration and production, equipment, services, pipelines, transportation, infrastructure, and utilities, among others. The fund may also invest up to 25 per cent of the value of the portfolio (as measured at the time of investment) in equity securities of other global natural resource issuers which include companies that own, explore, mine, process or develop natural resource commodities or supply goods and services to those companies, including directly or indirectly through exchange-traded funds.

In connection with the extension, shareholders who do not wish to continue their investment in the fund will be able to retract preferred shares or Class A shares on March 28, 2024, pursuant to a special retraction right and receive a retraction price that is calculated in the same way that such price would be calculated if the fund were to terminate on March 28, 2024. Pursuant to this option, the retraction price may be less than the market price if the security is trading at a premium to net asset value. To exercise this retraction right, shareholders must provide notice to their investment dealer by Feb. 29, 2024, at 5 p.m. (Toronto time). Alternatively, shareholders may sell their preferred shares and/or Class A shares through their securities dealer for the market price at any time, potentially at a higher price than would be achieved through retraction, or shareholders may take no action and continue to hold their shares.

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