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.
不得分發給美國通訊社或在美國境內傳播。
多倫多,2022年3月31日(環球通訊社)--(多倫多證券交易所:LCS,LCS.PR.A)Brompton Lifeco Split Corp.(“本公司”)欣然宣佈隔夜成功發行A類股和優先股(分別為“A類股”和“優先股”)。此次發行的總收益預計約為3000萬美元。此次發行預計將於2022年4月6日左右完成,並受某些完成條件的限制。本公司已授予代理人(定義見下文)一項超額配售選擇權,可於發售結束日期後30日內行使,以購買於發售結束時發行的A股及優先股數目最多15%的額外股份。
A類股的發行價為每股6.70美元,發行價的分派率為13.4%;優先股的發行價為每股優先股10.05美元,到期收益率為6.6%。(1))A類股份及優先股發行價的釐定不會攤薄至本公司最近計算的單位資產淨值(“單位”)(於2022年3月24日計算),經股息及將於發售結算前或結算時應計的若干開支調整後計算。
截至2022年2月28日,在過去10年中,A類股票以資產淨值計算的年總回報率為31.6%,優先股的年回報率為5.9%。(1)
此次發行的代理財團由加拿大皇家銀行資本市場公司、加拿大帝國商業銀行資本市場公司、國民銀行金融公司和加拿大豐業銀行牽頭,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.、宏利證券公司和研究資本公司。
該公司投資於四家加拿大人壽保險公司的普通股投資組合,這四家公司分別是:大西部人壽保險公司、IA金融公司、宏利金融-S和永明人壽金融公司。
關於布朗普頓基金
Brompton成立於2000年,是一家經驗豐富的投資基金經理,擁有專注於收益的投資解決方案,包括交易所交易基金(ETF)和其他多倫多證交所交易投資基金。欲瞭解更多資訊,請聯繫您的投資顧問,撥打Brompton的投資者關係熱線416-642-6000(免費電話:1-866-642-6001),發送電子郵件至info@brompthong roup.com,或訪問我們的網站:。
(1)請參閱下面的性能表。如在本公司支付現金分派後,每單位資產淨值(包括1股A類股和1股優先股)低於15.00美元,則不會就A類股支付現金分派。優先股的到期收益率基於2024年4月29日的到期日。
已向加拿大各省和地區的證券委員會或類似機構提交了一份簡短的基本架子招股說明書,其中載有有關所發行證券的重要詳細資訊。簡體基礎架子招股說明書的副本可從辛迪加成員處獲得。本公司擬就簡式基礎架招股說明書提交補充檔案,投資者應先閱讀簡式基礎架招股說明書及招股說明書副刊後再作出投資決定。在招股說明書附錄提交給加拿大各省和地區的證券委員會或類似機構之前,將不會出售或接受購買所提供證券的要約。
如果您在多倫多證券交易所或其他加拿大替代交易系統(“交易所”)上購買或出售公司股票,您通常將向您的交易商支付經紀費。如果股票是在交易所買賣的,投資者在購買公司股票時支付的價格可能高於當前資產淨值,而在出售股票時可能獲得低於當前資產淨值的收益。
擁有投資基金的股票需要支付持續的手續費和開支。投資基金必須準備包含基金關鍵資訊的披露檔案。您可以在該公司的公開檔案中找到有關該公司的更多詳細資訊,網址為。所示回報率為歷史年度復合總回報,包括股份價值變動及所有分派的再投資,並未計入某些費用,例如贖回成本或任何證券持有人應支付的所得稅等會減少回報的費用。投資基金沒有保證,它們的價值經常變化,過去的業績可能不會重演。
Brompton Lifeco拆分了公司。 復合年度資產淨值返回2022年2月28日 | 1年 | 他說: | 3年 | 他說: | 5年 | 他說: | 10年 | 他說: | S.I. | 他說: |
A類股(多倫多證券交易所代碼:LCS) | 22.3 | % | 21.6 | % | 7.5 | % | 31.6 | % | 1.9 | % |
優先股(多倫多證券交易所代碼:LCS.PR.A) | 6.4 | % | 6.4 | % | 6.2 | % | 5.9 | % | 5.8 | % |
Brompton Lifeco拆分公司-單位 | 12.1 | % | 11.8 | % | 7.0 | % | 11.8 | % | 4.3 | % |
申報單是截至2022年2月28日的期間,未經審計。開業日期:2007年4月18日。該表顯示了公司在所顯示的每個時期的A類股、優先股和單位的復合回報。
本文中包含的某些陳述構成加拿大證券法意義上的前瞻性資訊。前瞻性資訊可能與本文件中披露的事項以及與公司相關的公開檔案中確定的其他事項、公司的未來前景和預期的事件或結果有關,可能包括有關公司未來財務業績的陳述。在某些情況下,前瞻性資訊可以用諸如“可能”、“將”、“應該”、“預期”、“計劃”、“預期”、“相信”、“打算”、“估計”、“預測”、“可能”、“繼續”或其他類似表述來確定,這些表述涉及非歷史事實的事項。實際結果可能與這些前瞻性資訊有所不同。投資者不應過度依賴前瞻性陳述。這些前瞻性陳述是截至本文發佈之日作出的,我們沒有義務對其進行更新或修訂以反映新的事件或情況。
所發售的證券尚未根據修訂後的《1933年美國證券法》進行登記,在沒有登記或任何適用的豁免登記要求的情況下,不得在美國發售或出售。本新聞稿不構成出售要約或徵求購買證券的要約,也不會在任何這樣的要約、徵求或出售將是非法的州出售此類證券。