European Dividend Growth Fund Completes Conversion to ETF

TORONTO, April 24, 2019 (GLOBE NEWSWIRE) -- (TSX: EDGF) Brompton Funds Limited (the "Manager"), the manager of European Dividend Growth Fund (the "Fund") is pleased to announce that the Fund has completed its conversion to an exchange-traded fund as approved by unitholders at a meeting held on February 14, 2019. A final prospectus dated March 26, 2019 has been filed with the securities regulatory authorities in each province and territory in Canada.

Commencing April 23, 2019, the Fund became Brompton European Dividend Growth ETF ("EDGF" or the "ETF"), 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 April 24, 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.

https://www.bromptongroup.com/edgf-update/

The investment strategy of EDGF is to provide investors with exposure to an approximately equal-weight portfolio of equity securities of large capitalization 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 has a current distribution of $0.50 per unit per annum, representing a current distribution rate of 5.5% based on the April 23, 2019 TSX closing price⁽¹⁾.

EDGF also offers a distribution reinvestment plan ("DRIP") which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton's investment solutions include TSX traded funds and mutual 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 [email protected] or visit our website at www.bromptongroup.com.

(2) Inception Date: July 21, 2017 and converted to an exchange-traded fund on April 23, 2019.

*Returns are for the periods ended March 31, 2018.The table shows the ETF's compound return since inception compared with the STOXX Europe 600 Index and the S&P/TSX Composite Index (??Composite Index''). The ETF invests in large-capitalization European equity securities that are selected from the STOXX Europe 600 Index. The STOXX Europe 600 Index is a subset of the STOXX Global 1800 Index, representing large, mid and small capitalization companies across 17 European developed countries. The Composite Index tracks the performance, on a market weight basis, of a broad index of large-capitalization issuers listed on the TSX. Since the Fund is actively managed, the sector weightings may differ from those of the indices. The benchmark indices are calculated without the deduction of management fees and ETF expenses, whereas the performance of the ETF is calculated after deducting such fees and expenses.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments.  Please read the prospectus before investing.  The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income tax payable by any securityholder that would have reduced returns.  Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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.