BG Advantaged Corporate Bond Fund (TSX: BAC.UN) -
Brompton Funds Management Limited ("Brompton") is pleased to announce that the transfer of the management and trusteeship of BARCLAYSfunds(TM) (the "Funds") to Brompton has been completed and is effective as of the close of business today. The change in management is a result of a strategic decision by Barclays Global Investors Canada Limited to focus its resources on its iShares(TM) family of exchange-traded funds, while ensuring that the interests of its closed-end fund unitholders remain protected.
The Funds' ticker symbols will remain the same, while the name "Barclays" within each fund will be replaced by "BG" to reflect the change in management to Brompton. The name changes will take effect on the TSX after close of market on October 31, 2006.
The new closed-end fund names (collectively "BG Funds") and ticker symbols will be:
- BG Advantaged Corporate Bond Fund (TSX: BAC.UN)
- BG Advantaged Equal Weighted Income Fund (TSX: BAE.UN)
- BG Advantaged S&P®/TSX® Income Trust Index Fund (TSX: BAI.UN)
- BG Income + Growth Split Trust (TSX: BDS.UN)(TSX: BDS.PR.A)
- BG Top 100 Equal Weighted Income Fund (TSX: BTH.UN)
Brompton is a leader in the closed-end fund business and is committed to providing high-quality products to investors at low costs. Including the BG Funds, Brompton manages 20 TSX-listed closed-end funds with over $4 billion in assets under management. Brompton's funds employ a variety of structures and strategies, including a suite of funds similar to the BG funds, which focus on low-cost, index-based products. Brompton is also committed to maintaining high standards of business practice and corporate governance in the management of all of its funds.
For further information on BG Funds please reference the Joint Management Information Circular dated August 18, 2006 or please visit Brompton's website at www.bromptongroup.com.
Brompton Funds LP
Barclays Global Investors Canada Limited
Head of Canadian ETF Products and Administration