Canadian High Income Equity Fund Renews Normal Course Issuer Bid
March 08 2013 - 9:04AM
Marketwired Canada
Canadian High Income Equity Fund (TSX:CIQ.UN) has received approval for a normal
course issuer bid to purchase up to 705,300 units (the "Units") of the Fund
representing approximately 10% of the public float of 7,053,397 Units. The Fund
may purchase up to 141,067 Units in any 30 day period which is 2% of the
7,053,397 issued and outstanding Units at March 4, 2013.
As of March 4, 2013, the Fund had purchased 186,300 Units under its current bid
at an average price of $11.26 per unit.
The Units may be purchased for cancellation from March 12, 2013 to March 11,
2014 through the facilities of the TSX or other eligible alternative market and
may only be purchased at a price per Unit not exceeding the last published net
asset value per Unit. The Manager of the Fund believes that such purchases are
in the best interest of the Fund and are a desirable use of its available funds.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is an experienced investment fund
manager operating since 2002. Brompton is focused on meeting the needs of
investors by offering low cost, innovative products with client friendly terms
and supported by strong corporate governance. For further information, please
contact your investment advisor, call Brompton's investor relations line at
416-642-9051, (toll-free at 1-866-642-6001) email info@bromptongroup.com or
visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brompton Funds
Investor Relations
416-642-9051 or Toll-free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com
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