LCS.PR.A Brompton Lifeco Split Corp

Brompton Lifeco Split Corp. ("LCS" or the "Fund") (TSX:LCS)(TSX:LCS.PR.A) is
pleased to announce that its board of directors (the "Board") has approved
granting shareholders an additional option to allow them to continue their
investment in the Fund beyond its currently scheduled termination date of April
30, 2014. The proposed extension will not result in any changes to shareholder
redemption rights and is subject to shareholder approval.


The Class A Shares and Preferred Shares are currently trading at a combined
premium to net asset value per Unit (being one Class A Share and one Preferred
Share) of approximately 3%. By approving the extension of the Fund, shareholders
will have the opportunity to benefit from potential future trading premiums. In
the event that the proposed extension is not approved by shareholders, the Fund
will terminate and Class A and Preferred shareholders will receive net asset
value per Class A and Preferred Share respectively. 


LCS invests in a portfolio, on an approximately equal weight basis, of common
shares of Canada's 4 largest publicly-listed life insurance companies:
Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services
Inc., Manulife Financial Corporation and Sun Life Financial Inc. The 1 year
performance to November 30, 2013 of the Class A Shares and Preferred Shares of
the Fund was 306.8% and 5.4%, respectively, as Canadian life insurance companies
have had strong performance over the period. 


Under the proposal: 



--  The term of LCS will be extended for an additional term of approximately
    5 years to April 29, 2019. In addition, the termination date may be
    extended further for successive terms of up to 5 years thereafter, as
    determined by the Board;  
--  Current retraction rights of the Class A shareholders and Preferred
    shareholders will not change and shareholders will be provided with an
    additional special retraction right providing an option to retract
    either Preferred Shares or Class A Shares at the end of the term (and
    each successive term thereafter) and receive a retraction price that is
    calculated in the same way that such price would be calculated if the
    Company were to terminate on April 30, 2014 (or any successive
    termination date); and 
--  The distribution rates on the Preferred Shares and distribution target
    on the Class A Shares for the new term will be announced at least 60
    days prior to the extension of the term. 



LCS will hold a special meeting of holders of Preferred shares and Class A
shares on February 18, 2014 to consider and vote upon the proposal. Shareholders
of record at the close of business on January 17, 2014 will be provided with the
notice of meeting and management information circular in respect of the meeting
and will be entitled to vote at the meeting. The proposal is also subject to any
required regulatory approvals.


Further details regarding the proposal will be contained in the management
information circular which will be mailed to shareholders once available. The
circular will also be available on www.sedar.com and posted at
www.bromptongroup.com. 


About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund
manager operating since 2002. Brompton is focused on meeting the needs of
investors by offering low cost, innovative products with client friendly terms
and supported by strong corporate governance. 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, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the Fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment 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 Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. 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 for a variety of reasons, including those set forth
below.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brompton's investor relations line
416-642-6000 or toll-free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com

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