Brompton Split Banc Corp T.SBC.PR.A

RECAP

[marcrobert]

Too busy to digest this. So A holders get 1 extra share per 4 shares held. am i reading this right? so 100 shares at $10/month dist, now 125 at 12.50 a month?

This injects a bit of risk of crossing the $15 barrier obviously in a down market, although probably still less likely than for LBS.

current price is 12.85, closed at 15.90 yesterday that's 12.72 post dilution, so not much has changed

Am i missing anything

[EdPaquette]

Yes you're reading it like I do.   It might be a smart move compared to FTN.   They paid out 12.57 cents for years, then it collapsed and they had to reverse split it.

[EdPaquette]

BK also is playing it safe by paying a percentage of the last months price. So if the nav deteriorates they pay a little less.  But what I predict over the next few months is up, up, up.

[HappyFrog]

I see the same every month you had $10/month and now $12.50/month with the same money ! The Yeild will attract more poeple as Banks continues their runs until now! As some previously said, I guess they had the choice increasing the yeild or dilution..

[marcrobert]

if this is a bona fide 5 for 4 stock slpit no tax hit - is it?.