{"id":6190,"date":"2009-04-10T17:34:44","date_gmt":"2009-04-10T21:34:44","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=6190"},"modified":"2009-04-10T17:34:44","modified_gmt":"2009-04-10T21:34:44","slug":"sbcpra-capital-unit-dividend-suspended","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=6190","title":{"rendered":"SBC.PR.A: Capital Unit Dividend Suspended"},"content":{"rendered":"<p>Better late than never! Brompton Split Banc Corp. <a href=\"http:\/\/www.bromptongroup.com\/funds\/sbc\/pdf\/121708SBC.pdf\">announced on 2008-12-17<\/a>:<\/p>\n<blockquote><p>In accordance with its prospectus and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of December will not be paid on the class A shares of Brompton Split Banc Corp. Under the prospectus, no cash distribution may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit (consisting of one class A share and one preferred share) would be less than $15.00. The net asset value per unit as at December 11, 2008 was $13.52. The Fund will re-evaluate the payment of class A share distributions in each subsequent month with the expectation that normal monthly distributions will resume and a press release will be issued if the net asset value per unit is in excess of $15.00 prior to declaration.<\/p><\/blockquote>\n<p>NAV was $15.16 on April 2 according to <a href=\"http:\/\/www.bromptongroup.com\/funds\/sbc\/nav_history\/\">the company<\/a>, so resumption may well be in the cards!<\/p>\n<p>SBC.PR.A was last mentioned on PrefBlog when it was <a href=\"http:\/\/www.prefblog.com\/?p=5484\">downgraded to Pfd-3 by DBRS<\/a>. SBC.PR.A is tracked by HIMIPref&trade; but was relegated to the &#8220;Scraps&#8221; index at the <a href=\"http:\/\/www.prefblog.com\/?p=5693\">February 2009 rebalancing<\/a> on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better late than never! Brompton Split Banc Corp. announced on 2008-12-17: In accordance with its prospectus and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of December will not be &hellip;<\/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-6190","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6190","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=6190"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6190\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}