/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
TORONTO, Feb. 26, 2013 /CNW/ - Bloom Investment Counsel, Inc. (the
"Manager") is pleased to announce that Bloom U.S. Advantaged Income &
Growth Fund (the "Fund") has filed a final prospectus for a public
offering of Class A Units and Class U Units at a price of $10.00 per
Class A Unit and U.S.$10.00 per Class U Unit. The Class U Units are
designed for investors wishing to make their investment in U.S.
dollars. The offering is scheduled to close on or about March 21, 2013.
The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Class A Units under the
symbol of BUA.UN, subject to the fulfillment of TSX requirements.
The Fund's investment objectives are to provide unitholders with (i)
exposure through a forward agreement to an actively managed portfolio
held by BUIG Trust comprised primarily of publicly traded high dividend
paying U.S. common equity securities, including REITs; (ii) stable
monthly tax-advantaged cash distributions; and (iii) the opportunity
for capital appreciation. Substantially all of the U.S. dollar value of
the portfolio attributable to the Class A Units will be hedged back to
the Canadian dollar. The Class U Units will not be hedged.
The initial distribution target for the Fund is expected to be $0.05 per
Class A Unit per month and U.S.$0.05 per Class U Unit per month
representing a yield of 6.00% per annum on the issue price of $10.00
per Class A Unit or U.S.$10.00 per Class U Unit, as applicable.
The syndicate of agents for the offering is being co-led by BMO Capital
Markets, CIBC and RBC Capital Markets and includes National Bank
Financial Inc., Raymond James Ltd., Scotiabank, TD Securities Inc.,
Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities
L.P., Mackie Research Capital Corporation, Macquarie Private Wealth
Inc., Dundee Securities Ltd., Industrial Alliance Securities Inc. and
Manulife Securities Incorporated.
This offering is only made by prospectus. The prospectus contains
important detailed information about the securities being offered.
Copies of the prospectus may be obtained from one of the above-noted
agents. Investors should read the prospectus before making an
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian securities
laws. Forward-looking information may relate to the future outlook of
the Fund and anticipated distributions, 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", "anticipate",
"believe", "intend" or other similar expressions concerning matters
that are not historical facts. Actual results may vary from such
forward-looking information. The Manager undertakes no obligation to
update publicly or otherwise revise any forward-looking statement
whether as a result of new information, future events or other such
factors which affect this information, except as required by law.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, or any state securities laws. This
press release does not constitute an offer to sell or the solicitation
of an offer to buy any securities within the United States.
SOURCE: Bloom U.S. Advantaged Income & Growth Fund
For further information:
Please contact your financial advisor, call the Manager at 1-855-BLOOM18 or visit the Manager's website at www.bloomfunds.ca