Bullboard - Stock Discussion Forum 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... see more

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TSX:SBC - Post Discussion

Brompton Split Banc Corp > SBC unit NAV now has surged to over 20$ !!

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Post by mouserman on Nov 18, 2020 11:00am

SBC unit NAV now has surged to over 20$ !!

And of course SBC trading at a discount to NAV... meanwhile quadravest wannabes trading well below the threshhold are trading at premiums.... no accounting for stupid , as they say in the funny papers.

790

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Comment by EdPaquette on Nov 18, 2020 10:12pm

Most of my money is in SBC in case the market tanks. This will still pay dividends even if the banks drop 30%

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Comment by mouserman on Nov 19, 2020 1:47pm

Probably a sensible move , as SBC a very good value here, trading very near its NAV.... I have a bit in SBC , but the lions share in LBS, as it will still be OK for the next short while. I dont see the banks and lifecos heading south very fast, as bank earnings will be appearing next week, and i expect the Canadian banks to report good earnings on average. They are still trading much lower than ...more

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Brompton Split Banc Corp