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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
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Post by Mmb060on Apr 04, 2023 2:59pm
207 Views
Post# 35379385

Nav discount

Nav discountNAV at 8.57 ( down 22c) while shares trading at $10.94, a premium $1.37..   
Premium was getting close to $1, but simply on bank strength.   
Premium did get over $2 ..  Last time i hedged my SBC short by buying TD.   Covered my short yesterday ( tiny tiny profit) but made lots on TD.

I wonder if this is my new signal on bank stocks !!  Ie buy bank stocks when premium on SBC, and then sell when premium drops.   
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