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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TSX:SBC - Post Discussion

Brompton Split Banc Corp > Nav discount

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Post by Mmb060 on Apr 04, 2023 2:59pm

Nav discount

NAV at 8.57 ( down 22c) while shares trading at $10.94, a premium $1.37..
Premium was getting close to $1, but simply on bank strength.
Premium did get over $2 .. Last time i hedged my SBC short by buying TD. Covered my short yesterday ( tiny tiny profit) but made lots on TD.

I wonder if this is my new signal on bank stocks !! Ie buy bank stocks when premium on SBC, and then sell when premium drops.

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