Brompton Split Banc Corp T.SBC

Alternate Symbol(s): T.SBC.PR.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 > Canada announces bigger EI payments

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Post by mousermanon Sep 28, 2020 1:14pm

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Post# 31629429

Canada announces bigger EI payments

This seems to have lit a fire under the canadian banks... BFIN up nicely today on the bid/ask....
New plan says minimum of 500$ a week to EI recipients and many of those would NOT have qualified last Febraury when the pandemic hit.
SBC holdings up nearly 2 % today ...
Appears this split fund will be paying for a long time.... most other splits cannot say the same.

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