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

Brompton Split Banc Corp > Upside

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Comment by Saphoon Mar 18, 2021 12:24pm

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Post# 32826361

RE:RE:Upside

mouserman wrote:

Sapho wrote: How much more upside other see in SBC? I am quite happy with my monthly distr and ROC. i am happy that my average is 8.60.

Given that SBC has some exposure to the US banks in BFIN, and the canadian banks had good news regarding the dividend hikes and buyback restriction ... SBC still has some great upside. Altho the 9% yield is likely not going to create a big premium for it.
FFN is the bargain in the split funds today as underwriter selling is keeping a lid on it, despite the UNIT NAV jumping by around 40 cents today alone.
The annual yield there is over double that of SBC at 19.75%

Thanks, Might shift some of profits to LBS or FFN. GLTA

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