Business News • MarketWire • Brompton Lifeco Split Corp. Suspends Class A Distribution |
Brompton Lifeco Split Corp. Suspends Class A Distribution |
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Brompton Lifeco Split Corp. Suspends Class A Distribution
TORONTO, ONTARIO--(Marketwire - May 18, 2010) - In accordance with its articles of incorporation and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of May will not be paid on the class A shares of Brompton Lifeco Split Corp. (TSX:LCS). The net asset value per unit as at May 13, 2010 was $14.91. Under the articles of incorporation, no cash distribution may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit (consisting of one class A share and one preferred share) would be less than $15.00. The Fund will re-evaluate the payment of class A share distributions in each subsequent month with the expectation that normal monthly distributions will resume and a press release will be issued if the net asset value per unit meets this requirement.
View More : http://www.marketwire.com/mw/release.do?id=1262808&sourceType=3
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