Not for distribution to U.S. newswire services or for dissemination in the United States.
TORONTO, March 31, 2022 (GLOBE NEWSWIRE) -- (TSX: LCS, LCS.PR.A) Brompton Lifeco Split Corp. (the "Company") is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the "Class A Shares" and "Preferred Shares", respectively). Gross proceeds of the offering are expected to be approximately $30 million. The offering is expected to close on or about April 6, 2022 and is subject to certain closing conditions. The Company has granted the Agents (as defined below) an over-allotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15% of the number of Class A Shares and Preferred Shares issued at the closing of the offering.
The Class A Shares were offered at a price of $6.70 per Class A Share for a distribution rate of 13.4% on the issue price, and the Preferred Shares were offered at a price of $10.05 per Preferred Share for a yield to maturity of 6.6%.(1) The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company ("Unit") (calculated as at March 24, 2022), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.
Over the last 10 years, the Class A Shares have delivered a 31.6% per annum total return based on net asset value ("NAV") and the Preferred Shares have returned 5.9% per annum, as of February 28, 2022.(1)
The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc., and Scotiabank and included Hampton Securities Limited, Canaccord Genuity Corp., BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., Echelon Wealth Partners Inc., Manulife Securities Incorporated and Research Capital Corporation.
The Company invests in a portfolio of common shares of the four Canadian life insurance companies on an approximately equal weight basis: Great-West Lifeco Inc., iA Financial Corporation Inc., Manulife Financial Corporation and Sun Life Financial Inc.
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. 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 info@bromptongroup.com or visit our website at .
(1) See Performance table below. No cash distributions will be paid on the Class A Shares if, after the payment of a cash distribution by the Company, the net asset value per Unit (consisting of 1 Class A Share and 1 Preferred Share) would be less than $15.00. Yield to maturity for the Preferred Share is based on maturity date of April 29, 2024.
A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Company on the TSX or other alternative Canadian trading system (an "exchange"). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the Company and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Company in its public filings available at . The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Brompton Lifeco Split Corp. Compound Annual NAV Returns to February 28, 2022 | 1-Yr | | 3-Yr | | 5-Yr | | 10-Yr | | S.I. | |
Class A Shares (TSX: LCS) | 22.3 | % | 21.6 | % | 7.5 | % | 31.6 | % | 1.9 | % |
Preferred Shares (TSX: LCS.PR.A) | 6.4 | % | 6.4 | % | 6.2 | % | 5.9 | % | 5.8 | % |
Brompton Lifeco Split Corp. – Unit | 12.1 | % | 11.8 | % | 7.0 | % | 11.8 | % | 4.3 | % |
Returns are for the periods ended February 28, 2022 and are unaudited. Inception date April 18, 2007. The table shows the Company's compound return on a Class A Share, Preferred Share and Unit for each period indicated.
Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document 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. 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.
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.
不得分发给美国通讯社或在美国境内传播。
多伦多,2022年3月31日(环球通讯社)--(多伦多证券交易所:LCS,LCS.PR.A)Brompton Lifeco Split Corp.(“本公司”)欣然宣布隔夜成功发行A类股和优先股(分别为“A类股”和“优先股”)。此次发行的总收益预计约为3000万美元。此次发行预计将于2022年4月6日左右完成,并受某些完成条件的限制。本公司已授予代理人(定义见下文)一项超额配售选择权,可于发售结束日起30天内行使,以购买于发售结束时发行的额外最多15%的A类股及优先股。
A类股的发行价为每股6.70美元,发行价的分派率为13.4%;优先股的发行价为每股优先股10.05美元,到期收益率为6.6%。(1))A类股份及优先股发行价的厘定不会摊薄至本公司最近计算的单位资产净值(“单位”)(于2022年3月24日计算),经股息及将于发售结算前或结算时应计的若干开支调整后计算。
截至2022年2月28日,在过去10年中,A类股票以资产净值计算的年总回报率为31.6%,优先股的年回报率为5.9%。(1)
此次发行的代理财团由加拿大皇家银行资本市场公司、加拿大帝国商业银行资本市场公司、国民银行金融公司和加拿大丰业银行牵头,其中包括Hampton Securities Limited、Canaccel Genuity Corp.、BMO Capital Markets、Raymond James Ltd.、TD Securities Inc.、IA Private Wealth Inc.、Echelon Wealth Partners Inc.、宏利证券公司和研究资本公司。
该公司投资于四家加拿大人寿保险公司的普通股投资组合,这四家公司分别是:大西部人寿保险公司、IA金融公司、宏利金融-S和永明人寿金融公司。
关于布朗普顿基金
Brompton成立于2000年,是一家经验丰富的投资基金经理,拥有专注于收益的投资解决方案,包括交易所交易基金(ETF)和其他多伦多证交所交易投资基金。欲了解更多信息,请联系您的投资顾问,拨打Brompton的投资者关系热线416-642-6000(免费电话:1-866-642-6001),发送电子邮件至info@brompthong roup.com,或访问我们的网站:。
(1)请参阅下面的性能表。如在本公司支付现金分派后,每单位资产净值(包括1股A类股和1股优先股)低于15.00美元,则不会就A类股支付现金分派。优先股的到期收益率基于2024年4月29日的到期日。
已向加拿大各省和地区的证券委员会或类似机构提交了一份简短的基本架子招股说明书,其中载有有关所发行证券的重要详细信息。简体基础架子招股说明书的副本可从辛迪加成员处获得。本公司拟就简式基础架招股说明书提交补充文件,投资者应先阅读简式基础架招股说明书及招股说明书副刊后再作出投资决定。在招股说明书附录提交给加拿大各省和地区的证券委员会或类似机构之前,将不会出售或接受购买所提供证券的要约。
如果您在多伦多证券交易所或其他加拿大替代交易系统(“交易所”)上购买或出售公司股票,您通常将向您的交易商支付经纪费。如果股票是在交易所买卖的,投资者在购买公司股票时支付的价格可能高于当前资产净值,而在出售股票时可能获得低于当前资产净值的收益。
拥有投资基金的股票需要支付持续的手续费和开支。投资基金必须准备包含基金关键信息的披露文件。您可以在该公司的公开文件中找到有关该公司的更多详细信息,网址为。所示回报率为历史年度复合总回报,包括股份价值变动及所有分派的再投资,并未计入某些费用,例如赎回成本或任何证券持有人应支付的所得税等会减少回报的费用。投资基金没有保证,它们的价值经常变化,过去的业绩可能不会重演。
Brompton Lifeco拆分了公司。 复合年度资产净值返回2022年2月28日 | 1年 | 他说: | 3年 | 他说: | 5年 | 他说: | 10年 | 他说: | S.I. | 他说: |
A类股(多伦多证券交易所代码:LCS) | 22.3 | 百分比 | 21.6 | 百分比 | 7.5 | 百分比 | 31.6 | 百分比 | 1.9 | 百分比 |
优先股(多伦多证券交易所代码:LCS.PR.A) | 6.4 | 百分比 | 6.4 | 百分比 | 6.2 | 百分比 | 5.9 | 百分比 | 5.8 | 百分比 |
Brompton Lifeco拆分公司-单位 | 12.1 | 百分比 | 11.8 | 百分比 | 7.0 | 百分比 | 11.8 | 百分比 | 4.3 | 百分比 |
申报单是截至2022年2月28日的期间,未经审计。开业日期:2007年4月18日。该表显示了公司在所显示的每个时期的A类股、优先股和单位的复合回报。
本文中包含的某些陈述构成加拿大证券法意义上的前瞻性信息。前瞻性信息可能与本文件中披露的事项以及与公司相关的公开文件中确定的其他事项、公司的未来前景和预期的事件或结果有关,可能包括有关公司未来财务业绩的陈述。在某些情况下,前瞻性信息可以用诸如“可能”、“将”、“应该”、“预期”、“计划”、“预期”、“相信”、“打算”、“估计”、“预测”、“可能”、“继续”或其他类似表述来确定,这些表述涉及非历史事实的事项。实际结果可能与这些前瞻性信息有所不同。投资者不应过度依赖前瞻性陈述。这些前瞻性陈述是截至本文发布之日作出的,我们没有义务对其进行更新或修订以反映新的事件或情况。
所发售的证券尚未根据修订后的《1933年美国证券法》进行登记,在没有登记或任何适用的豁免登记要求的情况下,不得在美国发售或出售。本新闻稿不构成出售要约或征求购买证券的要约,也不会在任何这样的要约、征求或出售将是非法的州出售此类证券。