Brompton Announces the Launch of Brompton Canadian Cash Flow Kings ETF and Brompton U.S. Cash Flow Kings ETF
June 03 2024 - 6:30AM
(TSX: KNGC, KNGU) Brompton Funds Limited (the
“Manager”) is pleased to announce that Brompton Canadian Cash Flow
Kings ETF (“KNGC”) and Brompton U.S. Cash Flow Kings ETF (“KNGU”)
(each an “ETF” and together the “ETFs”) will commence trading on
the Toronto Stock Exchange (the “TSX”) today. A final prospectus
dated May 21, 2024 has been filed with the securities regulatory
authorities in each province and territory in Canada.
The ETFs aim to deliver long-term capital
appreciation by investing in quality Canadian or U.S. companies,
respectively, with high free cash flow yields. The Manager believes
high free cash flow yielding companies offer attractive value and
have the financial strength and flexibility to deliver attractive
returns for investors in the near and long term.
The investment objective of KNGC is to seek to
replicate, to the extent reasonably possible and before fees and
expenses, the performance of the Brompton Index One Canadian Cash
Flow Kings Index (the “Canadian Index”), or any successor thereto.
The Canadian Index tracks the performance of 35 mid- to
large-capitalization Canadian equities whose issuers exhibit high
free cash flow relative to their enterprise value.
The investment objective of KNGU is to seek to
replicate, to the extent reasonably possible and before fees and
expenses, the performance of the Brompton Index One U.S. Cash Flow
Kings Index (the “U.S. Index”). The U.S. Index tracks the
performance of 50 mid- to large-capitalization U.S. equities whose
issuers exhibit high free cash flow relative to their enterprise
value.
The ETFs will seek to achieve their respective
investment objective by investing in and holding the constituent
securities of the Canadian Index or U.S. Index (each an “Index”),
as applicable, or securities intended to replicate the performance
of the applicable Index.
The Manager has assigned each ETF a risk rating
of “medium to high”. For further details, please refer to the ETF
Facts documents available on www.sedarplus.ca or on each ETF’s home
page at www.bromptongroup.com.
About Brompton FundsFounded in
2000, Brompton is an experienced investment fund manager with
income and growth focused investment solutions including TSX traded
closed-end funds and exchange-traded 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 www.bromptongroup.com.
Commissions, management fees and expenses all
may be associated with exchange-traded fund investments.
Please read the prospectus before investing. Exchange-traded funds
are not guaranteed, their values change frequently and past
performance may not be repeated.
Certain statements contained in this news
release constitute forward-looking information within the meaning
of Canadian securities laws. Forward-looking information may relate
to matters disclosed in this press release and to other matters
identified in public filings relating to the ETFs, to the future
outlook of the ETFs and anticipated events or results and may
include statements regarding the future financial performance of
the ETFs. 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.
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