Brompton Split Banc Corp T.SBC

Alternate Symbol(s): T.SBC.P.A

Brompton Split Banc Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price of $10.00 per Preferred share to shareholders at maturity and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least $0.10 per Class A share, and the opportunity for growth in Net Asset Value per Class A share. The Fund invests in a portfolio of common shares of the six Canadian banks. In addition, the Fund may hold up to 10% of the total assets of the portfolio directly in investments in global financial companies or indirectly through exchange-traded funds for the purposes of enhanced diversification and return potential. The Fund's manager is Brompton Funds Limited.

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Brompton Split Banc Corp > RECAP

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Comment by EdPaquetteon Dec 16, 2021 1:20pm

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Post# 34237563

RE:RECAP

Yes you're reading it like I do. It might be a smart move compared to FTN. They paid out 12.57 cents for years, then it collapsed and they had to reverse split it.

marcrobert wrote: Too busy to digest this. So A holders get 1 extra share per 4 shares held. am i reading this right? so 100 shares at $10/month dist, now 125 at 12.50 a month?

This injects a bit of risk of crossing the $15 barrier obviously in a down market, although probably still less likely than for LBS.

current price is 12.85, closed at 15.90 yesterday that's 12.72 post dilution, so not much has changed

Am i missing anything