Brompton Advantaged Equal Weight Oil & Gas Income Fund Closes Initial Public Offering at $210 Million.TORONTO -- Brompton Advantaged Equal Weight Oil & Gas Income Fund (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AOG AOG Assemblies Of God AOG Aircraft On Ground AOG Association of Graduates AOG Act of God (insurance) AOG Gasoline Tanker AOG Army of God (militant anti-abortion group) AOG Air Operations Group .UN) is pleased to announce that it has completed its initial public offering of 21,000,000 trust units at a price of $10.00 per unit for gross proceeds of $210 million. The offering was made through a syndicate of agents co-led by RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
 This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Canaccord Capital Corporation, Desjardins Securities Inc., First Associates Investments Inc., Raymond James Ltd., Dundee Securities Corporation, IPC Securities Corporation, Wellington West Capital Inc., Acadian Securities Incorporated, Newport Securities Inc., and Research Capital Corporation. The Fund's investment objectives are to provide unitholders with the benefits of high monthly tax advantaged cash distributions and low management fees together with the opportunity for capital appreciation based on the performance of an equally weighted diversified portfolio of oil and gas income trusts. The Fund will enter into a Forward Agreement which results in a significant portion of the Fund's distributions consisting of return of capital for tax purposes. The return on the Fund will be dependent upon a portfolio which will comprise an approximate equal dollar amount of each oil and gas income trust listed on the TSX having a market capitalization of at least $500 million and which pays a regular distribution. The Fund's units begin trading today on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol AOG.UN. Brompton AOG Management Limited, a member of the Brompton Group, is the manager of the Fund. Brompton's primary business is asset management with approximately $2.5 billion under management. To learn more about the Fund and Brompton's other investment products, visit our website at www.bromptongroup.com or contact your financial advisor. Brompton Advantaged Equal Weight Oil & Gas Income Fund (TSX:AOG.UN) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion