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

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Post by HappyFrog on Nov 25, 2021 8:43am

SBC

Am OK with what they are doing

The drip was getting small/share expensive.

I am worry about how the NAV will secure the distributions. Such a steady payer
covid or not, 2008 or not.

I am hoping that they will keep their good records just like since inception

It was at 7.20 driping on .10
.....a bit more than a year ago!

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Comment by slst on Nov 30, 2021 3:13pm

If the Preferred Share issue is successful, SBC will have the opportunity to buy at current prices. I agree, its a keeper for for long term safety. Although I only have a tiny position. Took profits waay too soon.

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Brompton Split Banc Corp