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.

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Brompton Split Banc Corp > Brompton Split to split Class A shares

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Comment by EdPaquetteon Nov 23, 2021 4:31pm

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Post# 34158904

RE:RE:RE:Brompton Split to split Class A shares

BK seems to be the better deal for now.

oldtrustguy wrote: They did the same idea back in 2017.
1000 shares became 1210 shares.
april 25 2017 shares closed at 16.15
april 26 2017 shares closed at 12.95
Shares continued to drop for a few months (went as low as 12.08)
Not sure if they dropped because of the change
or maybe the banks in general dropped at that time which would
lower the NAV.
Not sure what I will do . Thinking of selling and buying BK