New Distributions for Investors by Brompton Funds
TORONTO – Brompton Funds, the investment manager behind the Symphony Floating Rate Senior Loan Fund (TSX: SSF.UN), has announced significant monthly distributions for the upcoming record dates. This announcement reflects the Fund's commitment to delivering value to its investors, and it spans the Class A and Class U units.
Distribution Details and Rates
The anticipated amount for Class A Units is set at $0.045 per unit, which translates to a robust annual distribution rate of $0.54. This equates to an appealing yield of 7.8%, calculated based on the closing price of $6.95 as of the day before the announcement.
Insight into Payment and Record Dates
The following key dates have been established for these distributions:
- Record Date: January 31, 2025 | Payment Date: February 14, 2025
- Record Date: February 28, 2025 | Payment Date: March 14, 2025
- Record Date: March 31, 2025 | Payment Date: April 14, 2025
The Class U Units Distribution
For Class U Units, the distribution remains constant at US$0.045 per unit across the same record and payment dates. This reflects a distribution rate of 7.7% based on a net asset value (NAV) of US$7.04, indicating robust performance.
Performance Overview of the Fund
In 2024, the Class A Units and Class U Units delivered impressive returns at 11.5% and 11.8%, respectively. These returns outperformed the Credit Suisse Leveraged Loan Index significantly, with respective outperformance margins of 2.4% and 2.7%.
Long-term Distribution Track Record
The Fund proudly holds a record of offering 158 consecutive monthly distributions since its inception in 2011, accumulating to total distributions of $8.07 per Class A Unit and US$7.99 per Class U Unit. This consistent performance is a testament to the effective management and strategic investments made by Brompton Funds.
Distribution Reinvestment Plan (DRIP)
To further benefit investors, the Fund offers a Distribution Reinvestment Plan (DRIP). This initiative enables unitholders to reinvest their distributions automatically, facilitating compound growth at no additional cost. Interested unitholders can enroll easily by connecting with their investment advisors.
About Brompton Funds
Brompton Funds, established in 2000, specializes in income-generating and growth-focused investment solutions. They provide a range of products, including ETFs and other investments traded on the TSX. For more support, investors can reach out to the investor relations line at 416-642-6000, or toll-free at 1-866-642-6001, or via email at info@bromptongroup.com.
Annual Compound Returns Overview
Here are the annual compound returns as of the end of 2024:
| 1-year | 3-year | 5-year | 10-year | Since Inception | |
|---|---|---|---|---|---|
| Class A Units | 11.5% | 5.0% | 4.8% | 4.4% | 5.3% |
| Class U Units | 11.8% | 5.2% | 5.0% | 4.6% | 5.3% |
| Credit Suisse Leveraged Loan Index | 9.1% | 6.8% | 5.7% | 5.1% | 5.2% |
Frequently Asked Questions
What is the recent distribution declared by Brompton Funds?
The recent distribution for Class A Units is $0.045 per unit, while Class U Units also see the same amount declared.
When are the record and payment dates for the distributions?
The record and payment dates are set for January 31, February 28, and March 31 in 2025 with respective payment dates following shortly after each record date.
What are the annual yields for Class A and Class U Units?
The Class A Units yield approximately 7.8%, whereas the Class U Units yield about 7.7% based on their respective NAV.
How long has the Fund been making distributions?
The Fund has consistently made monthly distributions for over 158 months since its inception in November 2011.
Can investors reinvest their distributions?
Yes, through the Distribution Reinvestment Plan (DRIP), investors can reinvest their distributions automatically, enhancing their potential for compound growth.
