Bullboard - Stock Discussion Forum 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... see more

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Brompton Split Banc Corp > Canada announces bigger EI payments

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Post by mouserman on Sep 28, 2020 1:14pm

Canada announces bigger EI payments

This seems to have lit a fire under the canadian banks... BFIN up nicely today on the bid/ask....
New plan says minimum of 500$ a week to EI recipients and many of those would NOT have qualified last Febraury when the pandemic hit.
SBC holdings up nearly 2 % today ...
Appears this split fund will be paying for a long time.... most other splits cannot say the same.

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Comment by EdPaquette on Sep 28, 2020 4:09pm

I'm a bank man now. I'm old now. I used to say banks were for old men. Time for a little red convertible.

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Comment by ThatAlbertaGuy on Sep 29, 2020 8:51am

I hear yeah bank investing seemed like such an old school investment strategy . But now I'm all about those banks :) and you bet mouserman this isn't gonna stop paying dividends for a long long long long long time .

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Brompton Split Banc Corp