Brompton Lifeco Split Corp. Completes Treasury Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. 


Brompton Lifeco Split Corp. (the "Company") (TSX:LCS) (TSX:LCS.PR.A) is pleased
to announce that it has completed a treasury offering of 1,001,100 class A
shares and 1,264,618 preferred shares for aggregate gross proceeds of
approximately $19.7 million. The class A shares and preferred shares will
continue to trade on the Toronto Stock Exchange under the existing symbols LCS
and LCS.PR.A respectively. 


The Company's treasury offering was priced at $7.00 per class A share and $10.00
per preferred share. The final class A share and preferred share offering prices
were determined so as to be non-dilutive to the most recent calculated net asset
value per unit of the Company on the date of pricing of the offering, April 16,
2014, as adjusted for dividends and certain expenses accrued prior to or upon
settlement of the offering.


Brompton Lifeco Split Corp. invests in a portfolio, on an approximately equal
weight basis, of common shares of Canada's four largest publicly-listed life
insurance companies: Great-West Lifeco Inc., Industrial Alliance Insurance and
Financial Services Inc., Manulife Financial Corporation and Sun Life Financial
Inc. 


The investment objectives for the class A shares are to provide holders with
regular monthly cash distributions targeted to be $0.075 per class A share and
to provide the opportunity for growth in net asset value per class A share.


The investment objectives for the preferred shares are to provide holders with
fixed cumulative preferential quarterly cash distributions currently in the
amount of $0.525 per annum until April 30, 2014, and to return the price to
holders of preferred shares on the maturity date of the Company. On February 5,
2014, the Company announced an extension of the maturity date to April 29, 2019.
The distribution rate on the preferred shares for the term from May 1, 2014 to
April 29, 2019 will be $0.575 per preferred share per annum ($0.14375 per
quarter). This represents a yield on the $10.00 par value of the preferred
shares of 5.75% per annum. 


The syndicate of agents for the offering was led by RBC Capital Markets, CIBC
and Scotiabank, and included BMO Capital Markets, National Bank Financial Inc.,
GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee
Securities Ltd., Mackie Research Capital Corporation and Manulife Securities
Incorporated.


About Brompton Funds 

Brompton Funds, a division of Brompton Group, is an experienced investment fund
manager operating since 2002. Brompton is focused on meeting the needs of
investors by offering low cost, innovative products with client friendly terms
and supported by strong corporate governance. For further information, please
contact your investment advisor, call Brompton's investor relations line at
416-642-6000 / toll-free at 1-866-642-6001/ email [e-mail] or
visit our website at www.bromptongroup.com.


This offering is only made by prospectus. A prospectus containing important
detailed information about the securities being offered has been filed. Copies
of the prospectus may be obtained from any of the above-mentioned agents.
Investors should read the prospectus before making an investment decision. 


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the Company's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds are
not guaranteed, their values change frequently and past performance may not be
repeated.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this news release and to other
matters identified in public filings relating to the Company, to the future
outlook of the Company and anticipated events or results and may include
statements regarding the future financial performance of the Company. In some
cases, forward-looking information can be identified by terms such as "may",
"will", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts. Actual results may vary from
such forward-looking information. 


Investors should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we assume no
obligation to update or revise them to reflect new events or circumstances.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy securities nor will there be any sale of such securities in any
state in which such offer, solicitation or sale would be unlawful.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brompton Funds
Investor Relations
416-642-6000 / toll-free at 1-866-642-6001
[e-mail]
www.bromptongroup.com