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.
See “Purchases of Units”.Units of the Brompton ETFs are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued.
See “Conflicts of Interest”.No 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, the Designated Broker and the Dealers do not perform many of the usual underwriting activities in connection with the distribution by the Brompton ETFs of their Units under this prospectus.
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.
Accounting and Reporting to Unitholders The fiscal year-end of the Brompton ETFs is December 31.
Liquidity risk Liquidity risk is the risk that the Brompton ETFs may not be able to settle or meet its obligations on time or at a reasonable price.