{"id":51556,"date":"2026-02-13T22:01:13","date_gmt":"2026-02-14T03:01:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=51556"},"modified":"2026-02-13T22:01:13","modified_gmt":"2026-02-14T03:01:13","slug":"sbc-pr-a-capital-unit-split-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51556","title":{"rendered":"SBC.PR.A: Capital Unit Split"},"content":{"rendered":"

Brompton Funds has announced<\/a>:<\/p>\n

Brompton Split Banc Corp. (the \u201cFund\u201d) is pleased to announce its intention to complete a stock split of its class A shares (the \u201cShare Split\u201d) due to the Fund\u2019s strong performance. Class A shareholders of record at the close of business on February 24, 2026 will receive 20 additional class A shares for every 100 class A shares held, pursuant to the Share Split. The Share Split is subject to the approval of the Toronto Stock Exchange (the \u201cTSX\u201d).<\/p>\n

Class A shareholders will continue to receive regular monthly cash distributions targeted to be $0.10 per class A share following the Share Split. As a result, the total dollar amount of distributions to be paid to class A shareholders is expected to increase by approximately 20%. The Fund provides a distribution reinvestment plan, on a commission-free basis for class A shareholders that wish to reinvest distributions and realize the benefits of compound growth.<\/p>\n

Over the last 10 years, the class A shares have delivered a 20.3% per annum total return based on net asset value, outperforming the S&P\/TSX Equal Weight Diversified Banks Total Return Index by 5.6% per annum and the S&P\/TSX Composite Total Return Index by 7.4% per annum.(1) Since inception, class A shareholders have received cash distributions of $23.85 per share.<\/p>\n

Following the completion of the Share Split, the preferred shares of the Fund are expected to have downside protection from a decline in the value of the Fund\u2019s portfolio of approximately 54%.(2)<\/p>\n

The class A shares are expected to commence trading on an ex-split basis at the opening of trading on February 24, 2026. No fractional class A shares will be issued and the number of class A shares each holder shall receive will be rounded down to the nearest whole number. The Share Split is a non-taxable event.<\/p>\n

The Fund invests on an approximately equally weighted basis in a portfolio (the \u201cPortfolio\u201d) of common shares of the six largest Canadian banks: Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Bank of Montreal. In addition, the Fund may hold up to 10% of the total assets of the Portfolio in investments in global financial companies for the purpose of enhanced diversification and return potential.<\/p><\/blockquote>\n

This follows the 117-new-for-100-old Capital Unit split announced last October<\/a>.<\/p>\n

Thanks to Assiduous Reader newbiepref<\/i> for bringing this to my attention<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brompton Funds has announced: Brompton Split Banc Corp. (the \u201cFund\u201d) is pleased to announce its intention to complete a stock split of its class A shares (the \u201cShare Split\u201d) due to the Fund\u2019s strong performance. …<\/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-51556","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51556","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=51556"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51556\/revisions"}],"predecessor-version":[{"id":51557,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51556\/revisions\/51557"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}