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 Oct 04 = approx: $$16.55

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Comment by navgodon Oct 05, 2023 6:24am

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Post# 35670438

RE:SBC UNIT NAV to Oct 04 = approx: $$16.55

mouserman wrote: Spreadsheet (newly renovated ) comes at a loss of 64 cents since thursday's update.
Last trade @ 7.24 means the premium is about 69 cents . So about 9%.

Combined last trade $7.24+9.19=$16.43 or a small discount to unit NAV of $16.55. Besides being of interest on its own I yhink this prevents Brompton from issuing more units of SBC/SBC.pr.a while this is the case. Brompton is running out of products where it can issue new units to boost AUM(the only metric splitshare mgt care about). Bottom line less pressure on SBC more on LBS. GLTA

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