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 > Brompton reports UNIT NAV @ $16.74 to Oct 12

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Post by mouserman on Oct 13, 2023 9:14am

Brompton reports UNIT NAV @ $16.74 to Oct 12

That brompton update values the commons at $6.72 and the premium is $1.17 with the last trade @ $7.89 or a premium of about 17.4 %. Not a bad value here if the CAD banks can regain footing and makes some decent gains again. Rare to see SBC paying over a 15% distribution.

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