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 > SBC continues to trade at a discount.

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Post by mouserman on Mar 07, 2021 11:39am

SBC continues to trade at a discount.

I think its likely that the low yield , under 10% at this point is a detriment to SBC's being attractive.
So many other split funds out there paying higher yields with also a lot of safety above the threshhold being built in to the price.
And right now ,folks seem more attracted to some of those not paying , but getting close, which garners capital gains , and a very high yield once it begins to pay again.
For those who are satisfied with a 10% YIELD , or higher depending on your average buyin on this one , it certainly is not a hard one to hold.

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