Canadian Banc Corp T.BK

Brompton SPLT

[tinkvid]

Brompton bought another 200k of the Preffs.

[2young2invest]

Source please?

[AnEducator]

SPLT's assets have increased by ~$12,900,000 since January 31st. If they purchased 200,000 shares of BK.PR.A, it would represent ~15.5% of this increase, more than twice the 7.3% weighting as of their last update. Could you kindly provide the source of this information? Thx!

[deisman03]

type SPLT into the search panel at the right of the page and press search, you will find the information on this in that thread. If you need more, Google their site.  I'm not dissing you. It's all there and easy to understand. 

[AnEducator]

Hi deisman, The information requested for is not available on Brompton's website, which is why a link was requested. The latest update was on January 31st at which time the fund invested 7.3% of its assets in BK.PR.A. There is no evidece of a recent purchase of 200,000 more shares of these preferreds. If there is an alternative source of information, I would really appreciate your guidance.

[deisman03]

When any corporate investor makes such purchases, SIDAR will usually have the declaration they are required by law to report. 

[AnEducator]

SEDAR does not have any reports of purchases of BK. I searched both the BK filings as well as SPLT and I am unable to find anything. If 200,000 shares of the preferreds were purchased by SPLT, it is critical for serious investors to know where this information was obtained. None of the traditional sources reveal anything. Was it merely an assumption or is the purchase actually verifiable?

[deisman03]

I don't know, I haven't bothered to look for it. 

[deisman03]

This is all I can find.  Response stopped It appears that Brompton has made a significant investment by purchasing 200,000 units of Preferred Shares (Preffs). This move could signal confidence in the company or a strategic financial decision. Please note that this information is based on the text you provided