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 > Brompton reports SBC UNIT NAV @ $25.45 to May 27

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Comment by EdPaquetteon Jun 01, 2021 11:28pm

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Post# 33308889

RE:RE:Brompton reports SBC UNIT NAV @ $25.45 to May 27

Haha, the 2017 story is very "special"!

oldtrustguy wrote: Mouserman
Do you think it will be a extra dividend or extra stock
I think it was 2017 they gave a extra 21 shares for each 100 shares
The stock price dropped from $16.15 to $12.95 you needed $13.35 to be even
A week later it dropped as low as $12.10 and then slowly increased.

You would be better off to sell before and rebuy if it is like last time.

If you sold SBC at 14.92 and buy BK at 12.18 you would increase
your distribution from about 8% to close to 12%

Thanks ... oldtrustguy