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

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Post by mousermanon Jun 16, 2023 2:12pm

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Brompton reports UNIT NAV @ $18.46 to June 15

So today i would guess the premium is about $1.13 or about 13.3 % .
Very similar to LBS, except the yield is lower. LBS has the added advantage of the 4 lifecos which have had the top gains in the financials the past 6 months or more. I expect that trend to continue with higher interest rates having negative effects on banks , ( loan and debt liability) but positive effect for the lifecos ( much higher return on premiums collected )

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