An anonymous director reports

BROMPTON SPLIT BANC CORP. RENEWS AT-THE-MARKET EQUITY PROGRAM

Brompton Split Banc Corp. has renewed its at-the-market equity program (ATM program) that allows the company to issue Class A and preferred shares to the public from time to time, at the company's discretion. This ATM program replaces the prior program established in June, 2022, that has terminated. Any Class A shares or preferred shares sold in the ATM program will be sold through the Toronto Stock Exchange (the TSX) or any other marketplace in Canada on which the Class A shares and preferred shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A shares and preferred shares through the ATM program will be made pursuant to the terms of an equity distribution agreement dated April 27, 2023, with RBC Capital Markets.

Sales of Class A shares and preferred shares will be made by way of at-the-market distributions as defined in National Instrument 44-102 -- Shelf Distributions on the Toronto Stock Exchange or on any marketplace for the Class A shares and preferred shares in Canada. Since the Class A shares and preferred shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM program is being offered pursuant to a prospectus supplement dated April 27, 2023, to the company's short form base shelf prospectus dated April 27, 2023. The maximum gross proceeds from the issuance of the shares will be $75-million for each of the Class A and preferred shares. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor or from representatives of the agent and are available on SEDAR.

The volume and timing of distributions under the ATM program, if any, will be determined at the company's sole discretion. The ATM program will be effective until May 27, 2025, unless terminated prior to such date by the company. The company intends to use the proceeds from the ATM program in accordance with the investment objectives and investment strategies of the company, subject to the investment restrictions of the company.

The company invests in a portfolio consisting of common shares of the six largest Canadian banks: Royal Bank of Canada, the Bank of Nova Scotia, National Bank of Canada, the Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Bank of Montreal. In addition, the company may hold up to 10 per cent of the total assets of the portfolio in investments in global financial companies for the purpose of enhanced diversification and return potential.

The investment objectives for the Class A shares are to provide holders with regular monthly cash distributions targeted to be at least 10 cents per Class A share and to provide the opportunity for growth in the net asset value per Class A share.

The investment objectives for the preferred shares are to provide holders with fixed cumulative preferential quarterly cash distributions, currently in the amount of 15.625 cents per preferred share, and to return the original issue price to holders of preferred shares on Nov. 29, 2027.

About Brompton Funds

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.

We seek Safe Harbor.