Brompton Announces the Launch of Brompton Wellington Square AAA CLO ETF
TORONTO, April 23, 2025 (GLOBE NEWSWIRE) -- (TSX: BAAA; BAAA.U) Brompton Funds Limited (the 'Manager') is pleased to announce that Brompton Wellington Square AAA CLO ETF ('BAAA') will commence trading on the Toronto Stock Exchange (the 'TSX') today. A final prospectus dated April 10, 2025 has been filed with the securities regulatory authorities in each province and territory in Canada.
The investment objectives of BAAA are to provide unitholders with high monthly income and capital preservation through investment in a portfolio of primarily AAA rated collateralized loan obligations ('CLOs'). BAAA seeks to hedge substantially all of its direct exposure to foreign currencies back to the Canadian dollar. However, any exposure that BAAA's assets allocable to the USD units have to foreign currencies will not be hedged back to the Canadian dollar. BAAA will seek to achieve its investment objectives by investing in a portfolio of CLOs selected by Wellington Square Advisors Inc., the investment sub-advisor to BAAA, generally ranging in credit quality from AAA to BBB, with a minimum of 75% of BAAA's portfolio invested in AAA rated CLOs. Up to 10% of BAAA's portfolio may from time to time be tactically invested in CLOs rated less than BBB. All ratings are measured as at the time of investment.
Wellington Square Advisors Inc. ('Wellington Square') is a Toronto-based independent investment advisory led by portfolio managers Jeff Sujitno and Amar Dhanoya. Wellington Square has invested in CLOs for over 10 years with certain staff having specialized expertise gained from working for CLO managers.
The Manager has assigned BAAA a risk rating of 'low'. For further details, please refer to BAAA's ETF Facts document available on www.sedarplus.ca or on BAAA's home page at www.bromptongroup.com.
About Brompton FundsFounded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds. 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.
Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded 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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

32 minutes ago
Leaders of ‘orgasmic meditation' women's wellness company OneTaste convicted in forced labor trial
NEW YORK -- The leaders of a sex-focused women's wellness company that promoted 'orgasmic meditation' have been convicted of federal forced labor charges. A Brooklyn jury on Monday found Nicole Daedone, founder of OneTaste Inc., and Rachel Cherwitz, the California-based company's former sales director, guilty after deliberating for less than two days following a five-week trial. The two each face up to 20 years in prison when sentenced later. Prosecutors had argued the two women ran a yearslong scheme that groomed adherents — many of them victims of sexual trauma — to do their bidding. They said Daedone, 57, of New York, and Cherwitz, 44, of California, used economic, sexual and psychological abuse, intimidation and indoctrination to force OneTaste members into sexual acts they found uncomfortable or repulsive, such as having sex with prospective investors or clients. The two told followers the questionable acts were necessary in order to obtain 'freedom' and 'enlightenment' and demonstrate their commitment to the organization's principles. Prosecutors said OneTaste leaders also didn't pay promised earnings to the members-turned-workers and even forced some of them to take out new credit cards to continue taking the company's courses. Assistant U.S. Attorney Nina Gupta, in her closing statement last week, said the defendants 'built a business on the backs' of victims who 'gave everything' to them, including 'their money, their time, their bodies, their dignity, and ultimately their sanity.' 'The jury's verdict has unmasked Daedone and Cherwitz for who they truly are: grifters who preyed on vulnerable victims by making empty promises of sexual empowerment and wellness only to manipulate them into performing labor and services for the defendants' benefit,' said Joseph Nocella, U.S. Attorney for the Eastern District of New York. Daedone's defense team cast her as a 'ceiling-shattering feminist entrepreneur' who created a unique business around women's sexuality and empowerment. Cherwitz's lawyer, Celia Cohen, argued that the witnesses who testified weren't forced to do anything. When they didn't like the organization anymore or wanted to try other things, she said, they simply left. 'No matter what you think about OneTaste and what they were doing, they chose it. They knew what it was about,' she said in her closing statement last week. 'The fact they are regretting the actions that they took when they were younger is not evidence of a crime.' Lawyers for the defendants said their clients maintain their innocence and intend to appeal. 'We are deeply disappointed in today's verdict," the lawyers said in a statement Monday. "This case raised numerous novel and complex legal issues that will require review by the Second Circuit.' Daedone co-founded OneTaste in San Francisco in 2004 as a sort of self-help commune that viewed female orgasms as key to sexual and psychological wellness and interpersonal connection. A centerpiece was 'orgasmic meditation,' or 'OM,' which was carried out by men manually stimulating women in a group setting. The company enjoyed glowing media coverage in the 2010s and quickly opened outposts from Los Angeles to London. Portrayed as a cutting-edge enterprise that prioritized women's sexual pleasure, it generated revenue by providing courses, coaching, OM events, and other sexual practices for a fee. Daedone sold her stake in the company in 2017 for $12 million — a year before OneTaste's marketing and labor practices came under scrutiny. The company's current owners, who have rebranded it the Institute of OM Foundation, have said its work has been misconstrued and the charges against its former executives were unjustified.
Yahoo
an hour ago
- Yahoo
Board Appointment at Global Architecture and Engineering Firm NORR
TORONTO, June 10, 2025 /CNW/ - Brian Gerstmar, President and Chief Executive Officer of NORR, a global architecture and engineering firm, announced the appointment of John Baird, Managing Director, UK to The NORR Group of Companies Board of Directors. "John's appointment strengthens our global leadership and opens new avenues for cross-regional innovation and excellence," said Gerstmar. "With more than 25 years in the industry, he has successfully guided our UK practice over challenging hurdles—including Brexit and the pandemic—while elevating our team's performance and helping clients navigate complexity in the built environment. His leadership brings valuable perspective to North America as we align our global best practices with local needs—particularly in sustainable and low-carbon design." "What excites me about this appointment is the strong alignment of vision and values across our clients, project teams and the firm," said Baird. "As an employee-owned firm, we share a deep commitment to holistic design thinking and making long-term positive impact within the built environment. We're now in a space where people, AI and digital design technologies coexist enhancing global collaboration among our designers, clients and project stakeholders. I am looking forward to providing insights and meaningful contributions to this evolving dialogue on a broader scale." The NORR UK practice has been a part of The NORR Group of Companies since 2010, adding character, scale and depth to the firm—ranging from heritage building refurbishments to new Passivhaus/Passive House designs. Under John's leadership, the team has successfully delivered a diverse range of projects—from distilleries and spaceports to complex healthcare facilities, net-zero carbon educational environments, and low-carbon energy generation centers. John's continued role as Managing Director in the UK ensures NORR retains strong leadership while expanding the reach of his insights to accelerate progress in both project performance and corporate social responsibility. The NORR Group of Companies Board of Directors (As at June 5, 2025) Peter Dubin - Chair & Vice President, RestaurantsJohn Baird - Managing Director, UKBrian Gerstmar - President & Chief Executive OfficerJonathan Hughes - Chief Operating OfficerAnthony Ricciuti - Executive Vice President, RetailVictor Smith - DirectorColin Soule - General Counsel & Corporate SecretaryJacqui Souter - Vice President, Human ResourcesRachel Turner-Lauck - Vice President, Operations About NORR NORR is an employee-owned, fully integrated A&E firm. Our professional team of 750 architects, engineers, planners and interior designers collaborate across 12 market sectors in Canada, the US, UK and UAE. Founded in 1938, we are integrators of design, technology and people, creating strategies and solutions to achieve common sustainable development goals. For more information:Visit our website Connect with us on LinkedIn View original content: SOURCE NORR View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business of Fashion
2 hours ago
- Business of Fashion
The Independents Acquires Culinary Studio We Are Ona
Fashion communications conglomerate The Independents has acquired culinary studio We Are Ona. Founded in Paris in 2019 by chef and Noma alumnus Luca Pronzato, We Are Ona produces immersive dinners, including for Chanel, Balenciaga, Coperni, Alaïa and Saint Laurent. After working together on various projects for clients over the past few years, joining forces felt inevitable, said Independents co-founder and chief executive Isabelle Chouvet. 'We started to collaborate a lot and then it was natural that we had to officialise this union,' said Chouvet. '[Pronzato] is the only one doing what he's doing. He is able to push the boundaries of innovation, he is the only one who has the network of talents. He has the vision and understands the client's needs.' We Are Ona collaborates with artists like Willo Perron, who has staged shows for Beyoncé and Drake; Carsten Höller, known for his interactive installations; and Michelin-starred chefs including Dalad Kambhu and Mory Sacko. Beyond producing events for brands, the firm hosts pop-ups open to the public, most recently a restaurant experience featuring a dramatic, 100-feet-long sculptural lighting installation in New York's WSA Building with fashion show producer Alexandre de Betak (whose Bureau Betak was acquired by The Independents in 2021) in May. The set of a We Are Ona-produced dinner for Balenciaga. (Courtesy) Being under The Independents' umbrella will help We Are Ona continue expansion in the US (where it opened an office earlier this year), the Middle East and Asia, said Pronzato. This marks The Independents' first acquisition in the culinary space; it comes as foodie culture reaches a new zenith, and as food becomes an increasingly important tool fashion brands use to engage their customers. When it comes to food, fashion brands are raising the stakes — looking for high-production events that double as marketing moments: 'It's not only dinner to have a dinner, it's dinner to create a brand moment,' said Pronzato. 'These experiences can create an emotional link. When you sit at the table, the experience is different than when you buy a bag.' The acquisition is The Independents' third this year, and part of an ongoing spree that began in 2023 when it set its sights on doubling in size. In April, The Independents bought design studio 2x4 and in May, Paris-based documentary production company Terminal 9 Studios. Now, the company has over 20 agencies in its ranks and counts over 1,200 employees in offices across cities including Barcelona, Beijing, London, Los Angeles, Milan, New York, Seoul, Shanghai and Paris. Group revenue totalled $800 million in 2024, according to the company. Learn more: Why Food Is Everywhere in Fashion Advertising As foodie culture peaks and the cost of living rises, food is popping up more than ever in fashion imagery.