Brompton Funds has completed the conversion of the European Dividend Growth Fund to an exchange-traded fund as approved by unitholders at a meeting held on 14 February, 2019.
A final prospectus dated 26 March, 2019 has been filed with the securities regulatory authorities in each province and territory in Canada.
As of 23 April, 2019, the Fund became Brompton European Dividend Growth ETF (EDGF) and now trades under the new TSX ticker symbol EDGF. Units of the Fund were converted to units of EDGF on a 1:1 basis.
Investors and investment advisors are invited to listen to an update recorded on 24 April, 2019 on Brompton European Dividend Growth ETF, hosted by Michael Clare, Portfolio Manager, Brompton Funds. The Manager believes that current valuations for European companies are compelling given their earnings growth prospects and that European equities provide an attractive diversification opportunity for Canadian investors.
The investment strategy of EDGF is to provide investors with exposure to an approximately equal-weight portfolio of equity securities of large capitalisation European dividend growth companies, providing the opportunity for capital appreciation, and the opportunity for enhanced distributions and higher risk-adjusted returns due to an active covered-call writing program.
EDGF also offers a distribution reinvestment plan (DRIP) which provides unitholders with the ability to automatically reinvest distributions, commission free, and realise the benefits of compound growth.