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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.


TSX:SBC - Post by User

Brompton Split Banc Corp > Brompton Split to split Class A shares
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Comment by Saphoon Nov 24, 2021 5:01pm
177 Views
Post# 34163248

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

RE:RE:RE:RE:RE:RE:Brompton Split to split Class A shares
mouserman wrote: Actually at the close today , before taking into account the split,  .10  per share dist. on share of
$16.29 would produce a yield of 7.36%... if you take  and divide that by 4, you get 1.84 % added on, so yield would increase to 9.2%...
I would take FTN or BK over SBC ,  and tho at present  there is more safety on SBC, there will not  be after the split.


Sold 10% but will leep the rest. Banks are doing ok, We will know the offering price on Monday. My guess is 13-14 and will move higher. SBC is a keeper. 
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