Bullboard - Stock Discussion Forum 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... see more

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TSX:SBC - Post Discussion

Brompton Split Banc Corp > SBC unit nav reported by Brompton @ $18.15 to JUNE 09

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Post by mouserman on Jun 09, 2023 5:59pm

SBC unit nav reported by Brompton @ $18.15 to JUNE 09

So that valued the common shares @ $8.15 before distributions....
so value fo the commons after distributions coming on the 14th would be $8.05
Not much movement today, so basically would be within a penny of that number today.
That puts the premium @ $1.45 on the common shares. Or a premium of about 18%.
Fair amount of safty, but quite a low yield @ 12.65 % ... at least compared to BK, FTN etc....or even LCS which trades at a discount.

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