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 > SBC UNIT NAV to JAn 27 = approx: $21.00

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Post by mousermanon Jan 27, 2021 7:17pm

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SBC UNIT NAV to JAn 27 = approx: $21.00

I did up a quick spreadsheet with the new weightings, and it appears the UNIT lost only 23 cents since the last update. Seems despite the high valuation of the UNIT NAV it lost less actual pennies than most of the other split funds out there. Very little exposure to lifecos, perhaps the biggest reason for that.
Commons trading at 11.16 is at a slight premium to NAV , which would be around 10.96 at this point. Very small tho.... less than 2% premium.
Altho the yield is lower (10.75%) than many of the others, none of those splits i follow have as much safety over the 15$ threshhold.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle