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, 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 > Nav dropping a bit, but SBC still at considerable discount

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Post by mousermanon Dec 11, 2020 2:40pm

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Post# 32089954

Nav dropping a bit, but SBC still at considerable discount

I took some profits in LBS, and rebought those SBC i had sold off earlier.
LBS now trading at a slight premium, while SBC is at a discount. SBC of course is the safest of the split funds i have on my list, with a cushion of nearly 6$ on the UNIT NAV....
Of course the yield is low at 12 %, but really LBS is at 17% or so... so the loss of 5% on a small art of my holdings is not so hard to take, given that i can just lock away those SBC shares.

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