|By Marketwired .||
|June 17, 2014 04:30 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/17/14 -- Canadian High Income Equity Fund (the "Fund") (TSX:CIQ.UN) is pleased to announce that it has initiated a distribution reinvestment plan ("DRIP") that is available beginning with the June 30, 2014 record date. The DRIP provides unitholders with the ability to automatically reinvest distributions and realize the benefits of compound growth. Under the DRIP, if the 10 day weighted average trading price prior to the distribution payment date (the "Trading Price") is higher than the net asset value per unit ("NAV"), such that the Fund is trading at a premium to NAV, unitholders will benefit from reinvesting distributions at a lower value, generally being NAV. If the Trading Price is lower than the NAV, such that the Fund is trading at a discount to NAV, unitholders will generally benefit from reinvesting at below NAV through the acquisition of units in the market. The DRIP provides an attractive reinvestment mechanism in both circumstances when the Fund trades at a premium or a discount to NAV. Contact your investment advisor to enroll in the Fund's DRIP and please visit our website for complete details of the DRIP plan.
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 [email protected] 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. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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