Symphony Floating Rate Senior Loan Fund Renews Normal Course Issuer Bid
15 November 2012 - 4:43PM
Marketwired
Symphony Floating Rate Senior Loan Fund (TSX:SSF.UN) has renewed
its normal course issuer bid to purchase up to 1,173,500 units of
the Fund representing approximately 10% of the public float of
11,735,105 units. The Fund may purchase up to 246,986 units in any
30 day period which is 2% of the 12,349,305 issued and outstanding
units at November 12, 2012.
As of November 12, 2012, the Fund had purchased 4,800 units
under its previous bid at an average price of $9.44 per unit.
The units may be purchased for cancellation from November 19,
2012 to November 18, 2013 through the facilities of the TSX or
other eligible alternative market and may only be purchased at a
price per unit not exceeding the last published net asset value per
unit. The manager of the Fund believes that such purchases are in
the best interest of the Fund and are a desirable use of its
available funds.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is a leading and
experienced closed-end fund manager. 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.
Contacts: Investor Relations 416-642-6000 or toll-free at
1-866-642-6001info@bromptongroup.com www.bromptongroup.com
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