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.

TSX:SBC - Post by User

Brompton Split Banc Corp > This one is in a slow-mo fall off a cliff

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Comment by oldbrit34on Sep 19, 2023 5:32pm

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Post# 35644269

RE:This one is in a slow-mo fall off a cliff

Yes the Fund NAV is very healthy being around 55 % over the "cease divi point" .From what I have experienced over the years it can be very hard at times to forecast an overnight offering and I would be interested to know if you think one is coming and why. I find the "slo mo fall" puzzling as SBC has fallen around 30 % but the banks have collectively fallen nothing like this. All in all a decent split fund offering about 13.85% yield at the moment

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