Brompton Expands HighPay Suite With Financials and Technology ETFs (PAYB, PAYT)

Brompton Funds launched two actively managed covered-call ETFs on the Toronto Stock Exchange, expanding its HighPay suite. The Brompton Financials HighPay ETF (PAYB) targets financial services companies, initially investing primarily in CAD-hedged units of the Brompton North American Financials Dividend ETF (BFIN). The Brompton Technology HighPay ETF (PAYT) focuses on technology companies, primarily through CAD-hedged units of the Brompton Tech Leaders Income ETF (TLF). Both strategies combine dividend income, covered-call writing and modest leverage to pursue enhanced income and long-term capital appreciation. Each charges a 0.60% management fee and pays distributions twice monthly, initially set at C$0.14 per unit for PAYB and C$0.17 for PAYT. Brompton also announced increased distributions for BFIN and TLF.