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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.


TSX:SBC - Post by User

Comment by flamingogoldon Oct 07, 2020 3:15pm
70 Views
Post# 31681307

RE:RE:RE:RE:SBC unit NAV has gained 50 cents since OCT 1

RE:RE:RE:RE:SBC unit NAV has gained 50 cents since OCT 1A lot of LBS investors are actually playing right now for the potential capital gain from the huge gap that could be filled with a distribution announcement. The gap is between $5.40 and $7. The euphoria will overshadow the premium to NAV. Reality will eventually set in and it will sell off. However, even at $7 it will be ok once we get past covid. SBC and even EIT don't move as fast but offer more distribution stability and restful nights.

ThatAlbertaGuy wrote: Well most banks have another 15% to go to hit pre pandemic levels so can they appreciated 25 over a year I would for sure without a doubt . Just heartbreaking when lbs is up so fast on not even a gauranteed div payout and this one dogs it in the 8 range . I got to call Costco about returning my crystal ball lol 


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