Brompton Split Banc Corp T.SBC

Alternate Symbol(s): T.SBC.PR.A

Financial Services Asset Management

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

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Comment by impegaon Oct 07, 2020 2:02pm

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Post# 31680918

RE:RE:SBC unit NAV has gained 50 cents since OCT 1

I know what you mean Alberta Guy. I am sure the fund manager can't wait to deploy the newly raised funds in to the undervalued banks. Could the banks appreciate 25% or more over the next year? I think so.

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