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 > Brompton discount gets bigger

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Post by mouserman on Dec 04, 2020 12:45pm

Brompton discount gets bigger

But i guess the nice thing is that for those buying this ultrasafe split fund.... the yield is improving as the commons price drops.
Seeing this phenomenon in LBS as well today.
There the NAV has risen by about .10 today.... to about 6.71 or so, but the commons are selling off , down 7 cents at last report. AND its not like LBS is low yield split fund... currently around 18.6% per annum. AND at a 3% discount to NAV, i had to buy more today.
SBC also looking tasty here, but will wait a bit and maybe take some profits in LBS to get back into the safer SBC before the new year.
I see another big correction coming, but may not happen until first Q 2021...

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