An anonymous director reports
BROMPTON TECH LEADERS INCOME ETF ANNOUNCES INCREASED DISTRIBUTIONS
Brompton Tech Leaders Income ETF generated a 47.9-per-cent return for 2023 and is the No. 1 actively managed exchange-traded fund in Canada over the past 10 years with a 14.7-per-cent per annum return over that period. As a result of this strong performance, Brompton Funds has increased monthly distributions for record dates from January to March, 2024.
The new distribution rate for
Brompton Tech of $1.40 per annum, or 6.13 per cent based on the Toronto Stock Exchange closing price of $22.81 on Jan. 23, 2024, represents a 21.7-per-cent increase from the previous level of $1.15 per annum.
Brompton Tech has paid 151 consecutive monthly distributions since inception on May 20, 2011, for total distributions of $9.26 per unit. TLF.U is the unhedged unit and will enjoy a $1.45 (U.S.) per unit annual distribution rate, representing a 20.8-per-cent increase from the previous level of $1.20 (U.S.) per annum.
Unitholders are reminded that
Brompton Tech offers a distribution reinvestment plan (DRIP) which provide unitholders with the ability to automatically reinvest distributions, commission-free, and realize the benefits of compound growth. Unitholders can enroll in a DRIP program by contacting their investment adviser.
We seek Safe Harbor.
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