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.

TSX:SBC - Post by User

Brompton Split Banc Corp > SBC unit nav reported by Brompton @ $18.15 to JUNE 09

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jun 09, 2023 5:59pm

283 Views

Post# 35489409

SBC unit nav reported by Brompton @ $18.15 to JUNE 09

So that valued the common shares @ $8.15 before distributions....
so value fo the commons after distributions coming on the 14th would be $8.05
Not much movement today, so basically would be within a penny of that number today.
That puts the premium @ $1.45 on the common shares. Or a premium of about 18%.
Fair amount of safty, but quite a low yield @ 12.65 % ... at least compared to BK, FTN etc....or even LCS which trades at a discount.

<< Previous

Bullboard Posts

Next >>

FE Battery Metals begins 2024 winter drill program