DBRS Confirms Brompton Equity Split Corp. at Pfd-2

Dominion Bond Rating Service (“DBRS”) has today confirmed the rating of Brompton Equity Split Corp. (the “Company”) as indicated above.

The Company holds common shares of companies listed on the Toronto Stock Exchange with a market capitalization of Cdn$500 million or more (the “Portfolio”). Up to 10% of the Portfolio may be comprised of large-cap S&P 500 stocks. The Portfolio is actively managed by Highstreet Asset Management Inc. As of November 2005, the main portfolio weights were: Energy and Utilities – 27%, Financials – 37%, Materials – 17%, and Industrials – 7%.

As of inception in April 2004, the Portfolio had a downside protection of about 58%, compared to 63.8% as of December 2005. Based on the dividends paid by the underlying Portfolio Universe at inception, the Portfolio could generate a yield sufficient to cover 75% of the dividend on the Preferred Shares per annum before management expenses. As of June 2005, the annualized Portfolio Yield was 2.04% which covers 87% of the dividends on the Preferred Shares before expenses and 11% after expenses. The Company can enter into forward agreements, write covered call options, or cash covered put options in respect of all or part of the common shares of the Portfolio to generate additional income that supplements the dividends received on the Portfolio. Class A Shares yield 8.0% per annum. The redemption date for both classes of shares issued is set on May 31, 2011.

Holders of the Preferred Shares are entitled to receive fixed, quarterly distributions in an amount that will provide for an annual yield of 5.25%. There is an asset coverage test that does not permit any distributions to the Class A Shares if the net asset value (NAV) of the Company is less than 1.5 times the outstanding principal amount for the Preferred Shares. The current rating confirmation of the Preferred Shares is based primarily on the available downside protection and the diversification of the underlying shares in the Portfolio. The main constraint to the rating is the use of covered call option writing to distribute income to Class A Shares while potentially reducing the portfolio NAV. The Company is also dependent on the value and yield of the underlying companies which could reduce the downside protection