05:51:19 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Brompton Oil Split Corp (2)
Symbol OSP
Shares Issued 822,414
Close 2023-08-10 C$ 4.10
Market Cap C$ 3,371,897
Recent Sedar Documents

Brompton Oil extends share maturity date to March, 2025

2023-08-10 18:13 ET - News Release

An anonymous director reports

BROMPTON OIL SPLIT CORP. ANNOUNCES EXTENSION OF TERM

Brompton Oil Split Corp.'s board of directors has approved an extension of the maturity date of the Class A shares and preferred shares of the company. The current maturity date of March 28, 2024, will be extended for an additional period of one year to March 28, 2025. The preferred share dividend rate for extended term will be announced at least 60 days prior to the current March 28, 2024, maturity date and will be based on market yields for preferred shares with similar terms at that time. The extension of the term of the company is not a taxable event and enables shareholders to defer potential capital gains tax liability that would have otherwise been realized on the redemption of Class A shares or preferred shares at the end of the term, until such time that shares are disposed of by shareholders.

The fund invests in a portfolio of equity securities of large-capitalization North American oil and gas issuers, primarily focused on those with significant exposure to oil.

Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions, including exchange-traded funds (ETFs) and other Toronto Stock Exchange-traded investment funds.

We seek Safe Harbor.

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