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Flaherty & Crumrine Investment Grade Fixed Income Fund Announces Results of Special Meeting

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TORONTO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- (TSX: FFI.UN) Brompton Funds Limited (the "Manager"), the manager of Flaherty & Crumrine Investment Grade Fixed Income Fund (the "Fund"), is pleased to announce that at a special meeting of unitholders held today, unitholders of the Fund approved the previously proposed (i) amendments to the investment objectives, investment strategies and investment restrictions of the Fund, (ii) update and modernization of the Fund's constating documents, and (iii) change of the name of the Fund to Flaherty & Crumrine Investment Grade Preferred Income Fund.

The newly approved amendments to the investment objectives, investment strategies and investment restrictions of the Fund are primarily designed to expand the investable universe of corporate debt and preferred securities from which the portfolio manager of the Fund can select by allowing the Fund to purchase securities that may have a non-investment grade rating at the time of purchase, while still maintaining the high quality of the Fund' portfolio and the Fund's overall investment grade rating.

Additional details regarding the changes are available in the Fund's management information circular dated July 27, 2018, which can be found under the Fund's profile at www.sedar.com.
             
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton's investment solutions include TSX-traded funds, mutual funds and flow-through limited partnerships.  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 info@bromptongroup.com or visit our website at www.bromptongroup.com.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange or other alternative Canadian trading system (an "exchange").  If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund.  An investment fund must prepare disclosure documents that contain key information about the fund.  You can find more detailed information about the Fund in the public filings available 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 press 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. 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.

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