Brompton Launches US-Denominated Units for Split Corp Preferred Share ETF

Brompton Funds Limited has announced the launch of U.S. dollar-denominated units for its Brompton Split Corp. Preferred Share ETF, which will begin trading on the Toronto Stock Exchange today.

The USD Units will be traded in U.S. dollars and are designed to hedge substantially all direct Canadian dollar exposure allocable to the units to the U.S. dollar.

The ETF's investment objectives remain unchanged: providing unitholders with monthly distributions and the opportunity for capital preservation through a portfolio of preferred shares offered by Canadian split share corporations.