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 Split to split Class A shares

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Comment by mousermanon Nov 24, 2021 12:27am

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Post# 34160105

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

Safetrader wrote: Thanks for feedback, I've check SBC against FIE (financial ETF). Chart lines up pretty well from April 2017 to Sept 2017 between both, so no issue.

Not sure of the following, if the NAV of pref is to be covered up to 56% after teh split, it means $4,40 needs to come out of A NAV to compensate and protect the pref.shares $10

A share NAV would drop to $12 or so as of yesterday while A shares would become $12.
No more premium.........but 25% more divy $ since more units.

Yesterday Div was at 7.5% and now would be at 10%

Not sure of any of the above so pls correct me if you feel different.