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 > SBC unit nav will have dropped below 25$ here...

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Post by mousermanon Jun 17, 2021 11:39pm

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Post# 33409625

SBC unit nav will have dropped below 25$ here...

I do believe Brompton would wait to pay any special divvy, until its well above 25$ for a few months... but not sure how they handle the special divvy. It could be shares , or a onetime special dividend. Havent really looked hard into the prospectus on this fund.

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