Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Brompton Advantaged Equal Weight Oil & Gas Income Fund Files Final Prospectus.


TORONTO -- Brompton Advantaged Equal Weight Oil & Gas Income Fund is pleased to announce that it has filed and obtained a receipt for a Final Prospectus dated February 24, 2005 relating to its initial public offering of trust units. The minimum amount of the offering is $125 million and the maximum amount is $350 million. Closing is scheduled for March 17, 2005.

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 TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 having a market capitalization of at least $500 million and which pays a regular distribution. As at February 21, 2005, there were 25 qualifying income trusts which represented approximately 94% of the market capitalization of all oil and gas income trusts listed on the TSX.

The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 has conditionally approved the listing of the Fund's units, subject to the Fund fulfilling all of its requirements. Trading of the units under the symbol 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 scheduled to commence on the date of closing.

The syndicate of agents for the offering is being 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:
  • Canada: RBC Dominion Securities Inc
 and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities.  Inc. and includes BMO Nesbitt Burns 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.

For further information, please contact your financial advisor or visit our website at www.bromptongroup.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 28, 2005
Words:335
Previous Article:The Leather Factory Schedules 2004 Earnings Conference Call.
Next Article:Charles & Colvard Announces Introduction of Moissanite Jewelry at 114 Finlay Enterprises Jewelry Departments.



Related Articles
Brompton Equal Weight Oil & Gas Income Fund Announces Filing Of Preliminary Prospectus.
Brompton Equal Weight Oil & Gas Income Fund Files Final Prospectus.
Brompton Equal Weight Oil & Gas Income Fund Closes IPO at $400 Million.
Brompton Equal Weight Oil & Gas Income Fund Declares Initial Distribution.
Brompton Advantaged Equal Weight Oil & Gas Income Fund Closes Initial Public Offering at $210 Million.
Brompton Advantaged Equal Weight Oil & Gas Income Fund Closes Over-Allotment.
Brompton Advantaged Equal Weight Oil & Gas Income Fund Declares Distribution.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles