Brompton Split Banc Corp. Announces Treasury Offering

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


Brompton Split Banc Corp. (TSX:SBC)(TSX:SBC.PR.A) is pleased to announce it has
filed a preliminary short form prospectus with respect to a treasury offering of
Preferred shares and Class A shares.


Brompton Split Banc Corp. invests in the common shares of the six largest
Canadian banks with selective covered call writing in order to generate
additional distributable income. Currently, the portfolio consists of common
shares of:




Bank of Montreal                         Royal Bank of Canada               
Canadian Imperial Bank of Commerce       The Bank of Nova Scotia            
National Bank of Canada                  The Toronto-Dominion Bank          



The closing price of the Preferred shares on the TSX on October 17, 2012 was
$10.22. The investment objectives for the Preferred shares are to provide
holders with fixed cumulative preferential quarterly cash distributions in the
amount of $0.45 per annum paid in equal quarterly amounts, and to return the
original issue price to holders of Preferred shares on the current maturity date
of November 29, 2017.


The closing price of the Class A shares on the TSX on October 17, 2012 was
$11.34. The investment objectives for the Class A shares are to provide holders
with regular monthly cash distributions targeted to be $0.10 and to provide the
opportunity for growth in net asset value per Class A share. 


The final Class A and Preferred share offering prices will be announced in the
final prospectus, and will be set at levels that ensure that existing
unitholders are not diluted.


The syndicate of agents for the offering is being co-led by RBC Capital Markets
and CIBC and includes BMO Capital Markets, National Bank Financial Inc.,
Scotiabank, TD Securities Inc., GMP Securities L.P., Macquarie Private Wealth
Inc., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc.,
and Mackie Research Capital Corporation. 


About Brompton Funds 

Brompton Funds, a division of Brompton Group, is a leading and experienced
closed-end fund manager. 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
416-642-9051, (toll-free at 1-866-642-6001) email [e-mail] or
visit our website at www.bromptongroup.com. 


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the Fund'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 Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. 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. 


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.


This offering is only made by prospectus. A preliminary prospectus containing
important detailed information about the securities being offered has been filed
and is still subject to completion or amendment. Copies of the prospectus may be
obtained from any of the above-mentioned agents. Investors should read the
prospectus before making an investment decision. There will not be any sale of
the securities being offered until a receipt for the final prospectus has been
issued.