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Brompton Oil Splt A ( (TSE:ESP) ) has provided an update.
Brompton Energy Split Corp., under Brompton Funds, has announced a new distribution rate for its preferred shares, set at $0.725 per annum for the term from March 29, 2025, to March 30, 2027. This rate reflects current market conditions for similar preferred shares. The Fund primarily invests in equity securities of global energy issuers, particularly those in oil and gas and related sectors, with at least $2 billion in market capitalization. Shareholders have the option to retract shares by March 28, 2025, or continue their investment, with various implications for market price and retraction value.
More about Brompton Oil Splt A
Brompton Funds, founded in 2000, is a seasoned investment fund manager offering income and growth-focused solutions, including exchange-traded funds and other TSX traded investment funds.
YTD Price Performance: -3.65%
Average Trading Volume: 9,170
Technical Sentiment Consensus Rating: Strong Sell
Learn more about ESP stock on TipRanks’ Stock Analysis page.