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Brompton Split Banc Corp T.SBC.PR.A


Primary Symbol: T.SBC

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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Post by mousermanon Dec 04, 2020 12:45pm
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Post# 32037797

Brompton discount gets bigger

Brompton discount gets biggerBut i guess the nice thing is that for those buying this ultrasafe split fund.... the yield is improving as the commons price drops.
Seeing this phenomenon in LBS as well today.
There the NAV has risen by about .10 today.... to about 6.71 or so, but the commons are selling off , down 7 cents at last report. AND its not like LBS is low yield split fund... currently around 18.6% per annum. AND at a 3% discount to NAV, i had to buy more today.
SBC also looking tasty here, but will wait a bit and maybe take some profits in LBS to get back into the safer SBC before the new year.
I see another big correction coming, but may not happen until first Q 2021... 

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