Examples of Brompton ETFs in a sentence
For a discussion of the risks associated with an investment in Units of the Brompton ETFs, see “Risk Factors”.
The Custodian may employ qualified foreign sub- custodians in each jurisdiction in which the Brompton ETFs have securities, as considered appropriate in the circumstances.
Custodian CIBC Mellon Trust Company, at its principal office in Toronto, Ontario, is custodian of the assets of each of the Brompton ETFs pursuant to a Custodial Services Agreement.
See “Exemptions and Approvals”.Additional ConsiderationsNo designated broker or dealer has been involved in the preparation of this prospectus or has performed any review of the contents of this prospectus and as such, no designated broker or dealer has performed many of the usual underwriting activities in connection with the distribution by the Brompton ETFs of their Units under this prospectus.
The IRC is subject to requirements to conduct regular assessments and, for each financial year of the Brompton ETFs, will prepare a report to Unitholders that describes the IRC and its activities for the financial year.
Brompton Funds Limited (the “Manager”) is the trustee, manager and promoter of the Brompton ETFs and is responsible for the administration of the Brompton ETFs. The investment objectives of Brompton Flaherty & Crumrine Investment Grade Preferred ETF are to provide holders of units (“Unitholders”) of the Brompton ETF with: (a) stable monthly cash distributions and (b) a stable net asset value.
The Brompton ETFs are authorized to issue an unlimited number of units.
Consequently, the redeemable units of the Brompton ETFs are classified as financial liabilities in accordance with the requirements of International Accounting Standard 32 Financial Instruments: Presentation.
Valuation Policies and Procedures of the Brompton ETFs For reporting purposes other than financial statements, the Net Asset Value on a Valuation Date will be equal to (i) the Total Assets less (ii) the aggregate value of the liabilities of the Brompton ETF.
See “Organization and Management Details of the Brompton ETFs - Conflicts of Interest”.