Senior Gold Producers Income Submits Final Prospectus for Public Offering of Class A Shares

Brompton Funds Management Limited has announced that Senior Gold Producers Income Corp. has filed a final prospectus for a public offering of Class A shares at a price of $10.00 per Share and a maximum offering size of $125 million.

The Toronto Stock Exchange has conditionally approved the listing of the Shares, subject to the Fund fulfilling all of the customary requirements. Trading of Shares under the symbol GPC is expected to commence on the closing date, February 18, 2011.

The Fund will invest in a portfolio consisting of common shares of all of the large-capitalization companies primarily engaged in the production of gold ("Gold Producers") that are included in the S&P/TSX 60 Index, which currently includes Agnico-Eagle Mines Limited, Barrick Gold Corporation, Eldorado Gold Corporation, Goldcorp Inc., IAMGOLD Corporation, Kinross Gold Corporation and Yamana Gold Inc.

The Fund's investment objectives are to provide shareholders with monthly distributions, the opportunity for capital appreciation, and lower overall volatility of Portfolio returns than would be experienced by owning a portfolio of common shares of Gold Producers directly. Distributions are initially targeted to be $0.75 per Share per annum ($0.0625 per month), representing a yield on the issue price of 7.5% per annum.

The Manager has selected Highstreet Asset Management Inc. to be the Option Advisor. The Option Advisor intends each month to sell call options on up to, and not more than, 25% of the common shares of each Gold Producer held in the Portfolio. Highstreet Asset Management Inc. is an investment management firm with total assets under management of approximately $6.2 billion as of November 30, 2010.

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., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P., Mackie Research Capital Corporation, Macquarie Private Wealth Inc., Canaccord Genuity Corp., Dundee Securities Corporation, Desjardins Securities Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc.