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TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- (TSX: DGS.PR.A, GDV.PR.A, LBS.PR.A, LCS.PR.A, SBC.PR.A, PWI.PR.A, ESP.PR.A) Brompton Funds announces that the funds listed below (the “Funds”) have voluntarily elected to report risk ratings for their preferred shares (the “Preferred Shares”) on the same basis required for mutual fund investments. The risk ratings are intended to offer a risk classification that is directly comparable to the standard ratings reported by Canadian ETFs and mutual funds. These risk ratings can be considered in addition to the existing credit ratings assigned by Morningstar DBRS to better assess the risk profile of the Preferred Shares.
| Fund Name | Ticker | Risk Rating | Standard Deviation(1) | DBRS Rating |
| Dividend Growth Split Corp. | DGS.PR.A | Low | 5.95% | Pfd-3 (low) |
| Global Divided Growth Split Corp. | GDV.PR.A | Low | 4.03% | Pfd-3 (high) |
| Life & Banc Split Corp. | LBS.PR.A | Low to Medium | 6.95% | Pfd-3 |
| Brompton Lifeco Split Corp. | LCS.PR.A | Low to Medium | 6.17% | Pfd-3 (low) |
| Brompton Split Banc Corp. | SBC.PR.A | Low | 5.51% | Pfd-3 |
| Sustainable Power & Infrastructure Split Corp. | PWI.PR.A | Low to Medium | 7.39% | Pfd-3 |
| Brompton Energy Split Corp. | ESP.PR.A | High | 21.49% | n/a |
| S&P/TSX Preferred Share Index | n/a | Medium (Estimate) | 13.03% | n/a |
| Brompton Index One Split Preferred Share Index | n/a | Low (Estimate) | 5.19% | n/a |
The risk ratings are calculated in accordance with the standardized investment risk classification methodology set out in National Instrument 81-102 Investment Funds. The risk ratings are based on the historical market price volatility of each Preferred Share as measured by the 10-year standard deviation of monthly returns as of July 31, 2024. For Preferred Shares with less than ten years of performance history, the investment risk level of the Preferred Share was calculated using the available return history of the Preferred Share and, for the remainder of the 10-year period, the returns of the Brompton Index One Split Preferred Share Index, to reasonably approximate the standard deviation of the Preferred Share.
The Preferred Shares offer preferential, tax-advantaged quarterly distributions, and have historically delivered stable returns relative to the S&P/TSX Preferred Share Index.(2)
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| Compound Annual Returns to July 31, 2024(2) | |||||
| Ticker | Distribution Rate(3) | 1-Yr | 3-Yr | 5-Yr | 10-Yr | S.I. | Inception |
| DGS.PR.A | 5.4%(4) | 5.6% | 5.6% | 5.6% | 5.5% | 5.4% | 12/03/07 |
| GDV.PR.A | 5.0% | 5.1% | 5.1% | 5.1% | - | 5.1% | 06/15/18 |
| LBS.PR.A | 6.9% | 7.0% | 6.0% | 5.8% | 5.4% | 5.4% | 10/17/06 |
| LCS.PR.A | 6.8% | 6.6% | 6.5% | 6.4% | 6.2% | 5.8% | 04/18/07 |
| SBC.PR.A | 6.1% | 6.4% | 5.8% | 5.5% | 5.1% | 5.2% | 11/16/05 |
| PWI.PR.A | 4.9% | 5.1% | 5.1% | - | - | 5.1% | 05/21/21 |
| ESP.PR.A | 8.1% | 8.3% | 16.1% | 8.1% | - | 6.7% | 02/24/15 |
| S&P/TSX Preferred Share Index | 21.6% | 1.6% | 5.8% | 2.5% |
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About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange (TSX) traded investment 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.