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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Brompton Split Banc Corp > Adjusted Cost Base

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Post by Sapho on Dec 01, 2020 1:22pm

Adjusted Cost Base

This is the first year that I am holding SBC. Question for those who have held it for long time.

When ACB will be reduced. Will it be in early Jan?

443

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Comment by EdPaquette on Dec 01, 2020 1:38pm

I'm answering to bury the spambots.

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Comment by bcsc on Dec 02, 2020 10:10am

In reality the ACB is reduced every time a distribution is announced and paid, but I believe that is not what your asking. I have always adjusted my cost base when I receive the tax information late Feb or early Mar. Some of the more diligent posters may know when Brompton usually makes this information available on their website.

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Comment by mouserman on Dec 02, 2020 10:58am

Not sure WHY you would worry about that statistic. THE UNIT NAV is posted every week, tells you what the value in the fund is....Last week , NOVEMBER 26th the UNIT NAV value was 20.88 I dont see that number changing much this past week. At 10.50 SBC is trading right around its NAV after distributions.

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