{"id":49295,"date":"2018-04-14T21:02:00","date_gmt":"2018-04-15T01:02:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49295"},"modified":"2025-08-13T21:03:37","modified_gmt":"2025-08-14T01:03:37","slug":"sbc-pr-a-annual-report-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49295","title":{"rendered":"SBC.PR.A : Annual Report 2017"},"content":{"rendered":"

Brompton Split Banc Corp. has released its Annual Report to December 31, 2017<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n
SBC \/ SBC.PR.A Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n		Five
Years<\/td>\n		Ten
Years<\/td>\n<\/tr>\n
SBC<\/td>\n+20.3%<\/td>\n+16.4%<\/td>\n+20.6%<\/td>\n+14.1%<\/td>\n<\/tr>\n
SBC.PR.A<\/td>\n+4.6%<\/td>\n+4.6%<\/td>\n+4.6%<\/td>\n+5.0%<\/td>\n<\/tr>\n
Whole Unit<\/td>\n+14.1%<\/td>\n+11.5%<\/td>\n+13.5%<\/td>\n+10.0%<\/td>\n<\/tr>\n
S&P\/TSX Capped Financials Index<\/td>\n+13.3%<\/td>\n+10.9%<\/td>\n+14.3%<\/td>\n+8.3%<\/td>\n<\/tr>\n
S&P\/TSX Composite<\/td>\n+9.1%<\/td>\n+6.6%<\/td>\n+8.6%<\/td>\n+4.6%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Figures of interest are:<\/p>\n

MER: “The MER per unit, excluding Preferred share distributions, was 0.97% in 2017 and 0.99% for 2016. This
\nratio is more representative of the ongoing efficiency of the administration of the Fund.”<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. MER of 0.97% Total Expenses of 2,160,416 implies $223-million net assets. Preferred Share distributions of 3,414,174 @ 0.50 \/ share implies 6.828-million shares out on average. Average Unit Value (beginning & end of year) = (24.46 + 23.10) \/ 2 = 23,67. Therefore 6.828-million @ 23.67 = 234-million average net assets. Good agreement – call it 228-million.<\/p>\n

Underlying Portfolio Yield: Dividends received of 6.982-million divided by average net assets of 228-million is 3.06%<\/p>\n

Income Coverage: Net Investment Income of 4.833-million divided by Preferred Share Distributions of 3.414-million is 142%. <\/p>\n","protected":false},"excerpt":{"rendered":"

Brompton Split Banc Corp. has released its Annual Report to December 31, 2017. SBC \/ SBC.PR.A Performance Instrument OneYear ThreeYears FiveYears TenYears SBC +20.3% +16.4% +20.6% +14.1% SBC.PR.A +4.6% +4.6% +4.6% +5.0% Whole Unit +14.1% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-49295","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49295"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49295\/revisions"}],"predecessor-version":[{"id":49296,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49295\/revisions\/49296"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}