Brompton Flaherty & Crumrine Investment Grade Preferred ETF Declares Special Year End Distribution

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TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- (TSX: BPRF; BPRF.U) For the year ended December 31, 2023, Brompton Flaherty & Crumrine Investment Grade Preferred ETF (the “ETF”) estimates that it will generate income in excess of the previously announced distributions for the year. As a result, the ETF announces special distributions estimated to be $0.07 per CAD unit (“CAD Unit”) and US$0.05 per USD unit (“USD Unit”) to unitholders of record at the close of business on December 29, 2023. The distributions will automatically be reinvested in additional CAD Units and USD Units, as applicable. Immediately following issuance, the CAD Units and USD Units, as applicable, will be automatically consolidated and as a result unitholders of the applicable class will hold the same number of units of the applicable class after the distribution as they held before it. The estimated amounts of automatic reinvestment, as noted above, may change depending on any other transactions occurring before year end and the actual income for the year as finally determined. The adjusted cost base of a holder’s units will be increased by the amount of the distribution reinvested as of December 29, 2023.

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