Brompton Oil Split Corp Announces Distribution
Brompton Oil Split Corp (the “Company”) is pleased to announce that it has declared a distribution of $0.09 per share for the month of April 2021. The distribution will be paid on May 28, 2021 to shareholders of record on April 30, 2021.
The Company is a closed-end investment trust that invests in a portfolio of oil and gas securities. The Company’s investment objective is to provide holders of its shares with a monthly cash distribution and to preserve capital.
Company Overview
Brompton Oil Split Corp is a closed-end investment trust that invests in a portfolio of oil and gas securities. The Company’s investment objective is to provide holders of its shares with a monthly cash distribution and to preserve capital. The Company’s portfolio consists of common shares of oil and gas companies listed on the Toronto Stock Exchange and other Canadian exchanges.
The Company’s portfolio is managed by Brompton Funds Limited, an investment fund manager with a long history of managing oil and gas investments. Brompton Funds Limited is a wholly owned subsidiary of Brompton Group Inc., a publicly traded company listed on the Toronto Stock Exchange.
Investment Strategy
The Company’s investment strategy is to invest in a diversified portfolio of oil and gas securities. The Company’s portfolio is managed by Brompton Funds Limited, an investment fund manager with a long history of managing oil and gas investments.
The Company’s portfolio is diversified across a range of oil and gas companies, including exploration and production companies, oil and gas services companies, and oil and gas infrastructure companies. The Company’s portfolio is actively managed and is rebalanced on a regular basis to ensure that it is well diversified and that it is in line with the Company’s investment objectives.
Distribution Policy
The Company has declared a distribution of $0.09 per share for the month of April 2021. The distribution will be paid on May 28, 2021 to shareholders of record on April 30, 2021.
The Company’s distribution policy is to pay a monthly distribution to shareholders of record on the last day of each month. The amount of the distribution is determined by the Board of Directors of the Company and is subject to change.
Risk Factors
Investing in the Company involves certain risks. The value of the Company’s shares may fluctuate due to changes in the value of the underlying oil and gas securities in the Company’s portfolio. The Company’s portfolio is subject to market risk, which means that the value of the portfolio may go up or down depending on market conditions.
In addition, the Company’s portfolio is subject to credit risk, which means that the value of the portfolio may be affected by the creditworthiness of the issuers of the securities in the portfolio. The Company’s portfolio is also subject to liquidity risk, which means that the Company may not be able to sell its securities in a timely manner or at a price that is acceptable to the Company.
Tax Considerations
The distributions paid by the Company are generally taxable as ordinary income. Shareholders should consult their tax advisors regarding the tax implications of investing in the Company.
Conclusion
Brompton Oil Split Corp is a closed-end investment trust that invests in a portfolio of oil and gas securities. The Company’s investment objective is to provide holders of its shares with a monthly cash distribution and to preserve capital. The Company has declared a distribution of $0.09 per share for the month of April 2021. The distribution will be paid on May 28, 2021 to shareholders of record on April 30, 2021. Investing in the Company involves certain risks, and shareholders should consult their tax advisors regarding the tax implications of investing in the Company.