News Release
Manulife Brompton Advantaged Bond Fund To Trade On Toronto Stock Exchange
Manulife Brompton Advantaged Bond Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to maximum of 20,000,000 Class A Units ("Units"), of which up to 10,000,000 Units will be issued and outstanding, and up to 10,000,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Class A Units will become effective at 5:01 p.m. on Wednesday, April 22, 2009, in anticipation of the public offering closing on Thursday, April 23, 2009. The Units, other than those which have not been distributed to the public will be posted for trading at the opening on April 23, 2009.
Registration of interests in and transfers of the Units will be made only through the Book-Entry Only System. On the Closing Date, the Trustee will deliver to CDS certificates representing the aggregate number of Units then subscribed for under the Offering. Units must be purchased, converted, transferred and surrendered for redemption through a CDS Participant. Upon purchase of any Units, the Unitholders will receive only a customer confirmation from the registered dealer which is a CDS Participant and from or through which the Units are purchased.
Additional information on the Units may be found in the final prospectus dated March 30, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.
Stock Symbol: "MBB.UN"
CUSIP: 56502W 10 4
Trading Currency: CDN
Temporary Market Maker: Raymond James Ltd.
Other Markets: None
Head Office Address: Bay Wellington Tower, Brookfield Place
181 Bay Street, Suite 2930
Toronto, Ontario
M5J 2T3
Email Address: info@bromptongroup.com
Website Address: www.bromptongroup.com
Head Office Telephone Number: (416) 642-6000
Fax Number: (416) 642-6001
Investor Relations: David E. Roode
(416) 642-6008
roode@bromptongroup.com
Mark Caranci
(416) 642-6000
caranci@bromptongroup.com
Chief Financial Officer: Craig T. Kikuchi
Vice-President and Secretary: Moyra E. MacKay
Incorporation: The Fund was established under the laws of the Province of Ontario pursuant to a declaration of trust dated January 12, 2009.
Manager of the Fund: Brompton Funds Management Limited
Portfolio Manager: MFC Global Investment Management (Canada)
Fiscal Year End: December 31
Nature of Business: The Fund has been created to provide investors with exposure to an actively managed Bond portfolio consisting primarily of North American Corporate Bonds.
The return to the Unitholders and the Fund will be dependent upon the return on the Portfolio by virtue of a forward purchase and sale agreement with the Counterparty. The Fund will use the net proceeds of the Offerings for the pre-payment of its purchase obligations under the Forward Agreement, pursuant to which the Counterparty has agreed to deliver to the Fund on April 30, 2029, being the Forward Termination Date, the Canadian Securities Portfolio with an aggregate value equal to the redemption proceeds of the relevant number of units of MBB Trust, a newly formed trust which will own the Portfolio, net of any amount owing by the Fund to the Counterparty.
Transfer Agent & Registrar: Equity Transfer & Trust Company, at its principle office in Toronto.
Distributions: The Fund initially intends to pay monthly distributions on all Units in an amount equal to $0.05833 per Unit of the Fund, representing a yield of 7.0% per annum on the issue price. The initial distribution is payable to Unitholders of record on May 29, 2009 and will be paid no later than June 12, 2009. The first distribution will be pro rated to reflect the period from the Closing Date to May 29, 2009. The Manager will review such distribution policy from time to time and the distribution amount may change.
Class F Units: In addition to the Class A Units, the Fund is offering Class F Units under the Prospectus. The Class F Units are designed for fee-based accounts and differ from the Class A Units in the following ways: (i) Class F Units will not be listed on a stock exchange; (ii) the Agents' fees payable on the issuance of the Class F Units are lower than the Class A Units; and (iii) the Service Fee is only payable in respect of the Class A Units. Accordingly, the Net Asset Value per unit of each class will not be the same as a result of the different fees allocable to each class of units.
A holder of Class F Units may convert Class F Units into Class A Units. For each Class F Unit so converted, a holder will receive that number of Class A Units equal to the Net Asset Value per Class F Unit as of the close of trading on the Business Day immediately preceding the Conversion Date divided by the Net Asset Value per Class A Unit as of the close of trading on the Business Day immediately preceding the Conversion Date.
Public Offering: Pursuant to the terms of the Prospectus, up to a maximum of 10,000,000 Class A Units are being offered to the public by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Canaccord Capital Corporation, Desjardins Securities Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, Research Capital Corporation, Wellington West Capital Inc., M Partners Inc. and Richardson Partners Financial Limited, as agents, at a price of $10 per Class A Unit.



