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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TSX:SBC - Post Discussion

Brompton Split Banc Corp > This one is in a slow-mo fall off a cliff

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Post by BSdetector2016 on Sep 08, 2023 12:13pm

This one is in a slow-mo fall off a cliff

Unit NAV is still healthy. Does anyone think they'll do another one of those overnight offerings?

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Comment by oldbrit34 on Sep 19, 2023 5:32pm

Yes the Fund NAV is very healthy being around 55 % over the "cease divi point" .From what I have experienced over the years it can be very hard at times to forecast an overnight offering and I would be interested to know if you think one is coming and why. I find the "slo mo fall" puzzling as SBC has fallen around 30 % but the banks have collectively fallen nothing like this ...more

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Comment by oldbrit34 on Sep 19, 2023 5:36pm

A further point is that the premium is at 10.25% which most folks would consider low and a lot of overnight offerings are made when the premium is much higher than this.

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