Bullboard - Stock Discussion Forum 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... see more

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Brompton Split Banc Corp > SBC UNIT NAV to JAn 27 = approx: $21.00

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Post by mouserman on Jan 27, 2021 7:17pm

SBC UNIT NAV to JAn 27 = approx: $21.00

I did up a quick spreadsheet with the new weightings, and it appears the UNIT lost only 23 cents since the last update. Seems despite the high valuation of the UNIT NAV it lost less actual pennies than most of the other split funds out there. Very little exposure to lifecos, perhaps the biggest reason for that.
Commons trading at 11.16 is at a slight premium to NAV , which would be around 10.96 at this point. Very small tho.... less than 2% premium.
Altho the yield is lower (10.75%) than many of the others, none of those splits i follow have as much safety over the 15$ threshhold.

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