Canadian Warrants

2009-11-10 22:34 MT - Warrants Called to Trade
TSX bulletin 2009-1475
Holders of units (symbol: VIP.UN) of Brompton VIP Income Fund of record as
of the close of business on Nov. 16, 2009, will be issued warrants, on the
basis of one-half of one whole warrant for each unit held. Each whole
warrant entitles the holder to purchase one unit at a price of $8.33 on or
before 5 p.m. (Toronto time) on April 15, 2010.

The units of the fund will commence trading on an ex distribution basis at
the opening on Nov. 12, 2009, at which time up to 13,663,062 warrants will
be posted for trading on a when-issued basis, under the following trading
information:

Symbol: VIP.WT.A
Cusip No.: 11221R 12 6
Trading currency: Canadian
Designated market maker: Hampton Securities Ltd.
Other markets: None

Additional information on the warrant offering may be found in the fund's
short-form prospectus dated Nov. 4, 2009, which is available at SEDAR.
Capitalized terms used but not otherwise defined are as defined in the
prospectus.

The fund uses the book-entry only system administered by CDS Clearing and
Depository Services Inc. with respect to units and warrants. The fund may
also use the non-certificated issue system or another system administered
by CDS.

A holder of warrants may subscribe for a whole number of units by
instructing the CDS participant holding the subscriber's warrants to
exercise all or a specified number of such warrants and forwarding the
subscription price for each unit subscribed for in accordance with the
terms of the offering and the warrant indenture to the CDS participant
which holds the subscriber's warrants. The subscription price is payable in
Canadian funds by certified cheque, bank draft or money order drawn to the
order of a CDS participant, by direct debit from the subscriber's brokerage
account or, by electronic funds transfer or other similar payment
mechanism. All payments must be forwarded to the appropriate office of the
CDS participant. The entire subscription price for units subscribed for
must be paid at the time of subscription and must be received by the
warrant agent prior to the date of the exercise of the warrants.

Each holder of warrants that subscribes for units to which such holder is
entitled pursuant to the basic subscription privilege may, at any time
during the exercise period, subscribe for additional units pursuant to the
additional subscription privilege, if applicable, at a price equal to the
subscription price for each additional unit. Holders of warrants will not
be required to fully exercise all of their warrants under the basic
subscription privilege in order to be eligible for the additional
subscription privilege. To apply for additional units under the additional
subscription privilege, a beneficial holder of warrants must forward their
request to a CDS participant. Payment for additional units, in the same
manner as for units, must accompany the request when it is delivered to the
CDS participant. Any excess funds will be returned by mail or credited to a
subscriber's account with its CDS participant, without interest or
deduction. Payment in full of the subscription price must be received by
the warrant agent prior to 5 p.m. (Toronto time) on the expiry date,
failing which the subscriber's entitlement to such units will terminate.
Accordingly, the subscriber must deliver payment and instructions
sufficiently in advance of the expiry date to allow the CDS participant to
properly exercise warrants on such subscriber's behalf and apply for
additional units under the additional subscription privilege, as
applicable.

The units are not registered under the 1933 Act. The offering is made in
Canada and not in the United States. The offering is not, and under no
circumstances is to be construed as, an offering of any units for sale in
the United States or an offering to or for the account or benefit of any
U.S. person or a solicitation therein of an offer to buy any securities.
Accordingly, no subscriptions will be accepted from any person, or their
agent, who appears to be, or who the fund has reason to believe is,
resident in the United States.

It is expected that the CDS participant will, prior to the expiry date,
attempt to sell for the United States unitholders the warrants allotable to
such United States unitholders at the price or prices it determines in its
discretion. Any proceeds received by the CDS participant with respect to
such warrants are expected to be delivered by the CDS participant as soon
as practicable to such United States unitholders.

Unitholders whose recorded addresses are outside of Canada, other than the
United States unitholders, will be permitted to subscribe for units
pursuant to the terms of the offering or, if they do not wish to exercise
any of their warrants to subscribe for units, will be permitted to sell or
otherwise transfer their warrants through a CDS participant provided that
they represent to the fund that the receipt by them of warrants and the
issuance to them of units upon the exercise of the warrants will not be in
violation of the laws of their jurisdiction of residence.

The warrants will be governed by the terms of a warrant indenture to be
entered into on or about Nov. 16, 2009, between the fund and Computershare
Trust Company of Canada, as warrant agent. The warrant indenture provides
for appropriate adjustments to the warrants in the event of stock
dividends, subdivisions, consolidations and other forms of capital
reorganization.
 
Brompton VIP to list distributed warrants on Dec. 4
 
2008-12-02 16:25 MT - Warrants Called to Trade
TSX bulletin 2008-1386
Holders of units of Brompton VIP Income Fund of record as of the close on Dec. 8, 2008, will be issued warrants, on the basis of one-half of one whole warrant for each unit held. Each whole warrant entitles the holder to purchase one unit at a price of $6.84 on or before 5 p.m. (Toronto time) on May 27, 2009. The units of the fund will commence trading on an ex distribution basis at the open on Dec. 4, 2008, at which time up to 23,626,121 warrants will be posted for trading on a when-issued basis, under the following trading information.
 
Warrant symbol: VIP.WT
Warrant Cusip No.: 11221R 11 8
Warrant trading currency: Canadian dollars
Designated market-maker: Hampton Securities Ltd.
Other markets: None
 
Additional information on the warrant offering may be found in the fund's short form prospectus dated Nov. 26, 2008, which is available at www.sedar.com. Capitalized terms used but not otherwise defined are as defined in the prospectus. The fund uses the book-entry-only system administered by CDS Clearing and Depository Services Inc. with respect to units and CDS will hold a certificate with respect to warrants. The fund may also use the non-certificated issue system or another system administered by CDS. A holder of warrants may subscribe for units by instructing the CDS participant holding the subscriber's warrants to exercise all or a specified number of such warrants and forwarding the subscription price for each unit subscribed for to such CDS participant.

A holder of warrants may subscribe for the resulting whole number of units or any lesser whole number of units by instructing the CDS participant holding the subscriber's warrants to exercise all or a specified number of such warrants and forwarding the subscription price for each unit subscribed for in accordance with the terms of the offering and the warrant indenture to the CDS participant which holds the subscriber's warrants. The subscription price is payable in Canadian funds by certified cheque, bank draft or money order drawn to the order of a CDS participant, by direct debit from the subscriber's brokerage account or, by electronic funds transfer or other similar payment mechanism. All payments must be forwarded to the appropriate office of the CDS participant. The entire subscription price for units subscribed for must be paid at the time of subscription and must be received by the warrant agent prior to the date of the exercise of the warrants.

Each holder of warrants that subscribes for units to which such holder is entitled pursuant to the basic subscription privilege may, at any time following the commencement date until the expiry date, subscribe for additional units pursuant to the additional subscription privilege, if applicable, at a price equal to the subscription price for each additional unit. Holders of warrants will not be required to fully exercise all of their warrants under the basic subscription privilege in order to be eligible for the additional subscription privilege. To apply for additional units under the additional subscription privilege, a beneficial holder of warrants must forward its request to a CDS participant prior to 5 p.m. (Toronto time) on the expiry date. Payment for additional units, in the same manner as for units, must accompany the request when it is delivered to the CDS participant, as the case may be. Any excess funds will be returned by mail or credited to a subscriber's account with its CDS participant, without interest or deduction. Payment in full of the subscription price must be received by the warrant agent prior to 5 p.m. (Toronto time) on the expiry date, failing which the subscriber's entitlement to such units will terminate. Accordingly, the subscriber must deliver payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise warrants on such subscriber's behalf and apply for additional units under the additional subscription privilege, as applicable.

The units are not registered under the 1933 Act. The offering is made in Canada and not in the United States. The offering is not, and under no circumstances is to be construed as, an offering of any units for sale in the U.S. or an offering to or for the account or benefit of any U.S. person or a solicitation therein of an offer to buy any securities. Accordingly, no subscriptions will be accepted from any person, or their agent, who appears to be, or who the fund has reason to believe is, resident in the U.S.

It is expected that the CDS participant will, prior to the expiry date, attempt to sell for the U.S. unitholders the warrants allotable to such U.S. unitholders at the price or prices it determines in its discretion. Any proceeds received by the CDS participant with respect to such warrants are expected to be delivered by the CDS participant as soon as practisable to such U.S. unitholders.

Unitholders whose recorded addresses are outside of Canada, other than the U.S. unitholders, will be permitted to subscribe for units pursuant to the terms of the offering or, if they do not wish to exercise any of their warrants to subscribe for units, will be permitted to sell or otherwise transfer their warrants through a CDS participant provided that they represent to the fund that the receipt by them of warrants and the issuance to them of units upon the exercise of the warrants will not be in violation of the laws of their jurisdiction of residence.

The warrants will be governed by the terms of a warrant indenture to be dated Dec. 8, 2008, between the fund and Computershare Trust Co. of Canada, as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Brompton VIP warrants to trade on TSX on Dec. 4

2008-11-28 08:21 MT - News Release
Brompton VIP Income Fund has filed a final prospectus relating to an offering of warrants to unitholders of the fund. Each unitholder of record will receive one-half warrant for each unit held on Dec. 8, 2008. One warrant will entitle the holder to purchase a unit of the fund at an exercise price of $6.84 on or before May 27, 2009, the expiry date. The fund has applied to list the warrants under the ticker symbol VIP.WT and the units issuable on the exercise thereof on the Toronto Stock Exchange. It is expected that the warrants will commence trading on Dec. 4, 2008, and will be exercisable until May 27, 2009.

Successful completion of the warrants offering will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities and it is also expected to increase the trading liquidity of the units and reduce the continuing management expense ratio of the fund.