NEWS RELEASE TRANSMITTED BY Marketwired FOR: Brompton Lifeco Split Corp. TSX SYMBOL: LCS TSX SYMBOL: LCS.PR.A APRIL 14, 2014 Brompton Lifeco Split Corp. Announces Treasury Offering TORONTO, ONTARIO--(Marketwired - April 14, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Brompton Lifeco Split Corp. (the "Company") (TSX:LCS)(TSX:LCS.PR.A) is pleased to announce it has filed a preliminary short form prospectus with respect to a treasury offering of class A shares and preferred shares. Brompton Lifeco Split Corp. invests in a portfolio, on an approximately equal weight basis, of common shares of Canada's four largest publicly-listed life insurance companies: Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc. The investment objectives for the class A shares are to provide holders with regular monthly cash distributions targeted to be $0.075 per class A share and to provide the opportunity for growth in 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 $0.525 per annum until April 30, 2014, and to return the price to holders of preferred shares on the maturity date of the Company. On February 5, 2014, the Company announced an extension of the maturity date to April 29, 2019. The distribution rate on the preferred shares for the term from May 1, 2014 to April 29, 2019 will be $0.575 per preferred share per annum ($0.14375 per quarter). This represents a yield on the $10.00 par value of the preferred shares of 5.75% per annum. The syndicate of agents for the offering is being led by RBC Capital Markets, CIBC, and Scotiabank, and includes BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, and Manulife Securities Incorporated. 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 416-642-6000/ toll-free at 1-866-642-6001/ email firstname.lastname@example.org or visit our website at www.bromptongroup.com. This offering is only made by prospectus. A preliminary prospectus containing important detailed information about the securities being offered has been filed and is still subject to completion or amendment. Copies of the prospectus may be obtained from any of the above-mentioned agents. Investors should read the prospectus before making an investment decision. There will not be any sale of the securities being offered until a receipt for the final prospectus has been issued. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Company'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 news release and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. 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. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Brompton Funds Investor relations 416-642-6000 or toll-free at 1-866-642-6001 email@example.com www.bromptongroup.com INDUSTRY: Financial Services - Investment Services and Trading SUBJECT: STK
Brompton Lifeco Split Corp. Announces Treasury Offering
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