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SBC.PR.A Brompton Split Banc Corp

10.11
0.01 (0.10%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Brompton Split Banc Corp TSX:SBC.PR.A Toronto Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.10% 10.11 10.08 10.11 10.11 10.09 10.09 600 20:48:35

Brompton Split Banc Corp. Files Final Prospectus

30/10/2012 6:16pm

Marketwired Canada


Brompton Split Banc Corp. (TSX:SBC)(TSX:SBC.PR.A) is pleased to announce that it
has filed a final prospectus with respect to a treasury offering of up to 1.25
million class A shares and up to 1.25 million preferred shares for aggregate
gross proceeds of up to approximately $26.9 million.  


Brompton Split Banc Corp. invests in the common shares of the six largest
Canadian banks with selective covered call writing in order to generate
additional distributable income. Currently, the portfolio consists of common
shares of:




    Bank of Montreal                            Royal Bank of Canada        
    Canadian Imperial Bank of Commerce          The Bank of Nova Scotia     
    National Bank of Canada                     The Toronto-Dominion Bank   



The Preferred shares were offered at a price of $10.25. The investment
objectives for the Preferred shares are to provide holders with fixed cumulative
preferential quarterly cash distributions in the amount of $0.45 per annum paid
in equal quarterly amounts, and to return the original issue price to holders of
Preferred shares on the current maturity date of November 29, 2017. 


The Class A shares were offered at a price of $11.25. The investment objectives
for the Class A shares are to provide holders with regular monthly cash
distributions targeted to be $0.10 and to provide the opportunity for growth in
net asset value per Class A share.  


The final Class A and Preferred share offering prices were determined so as to
be non-dilutive to the most recent calculated net asset value per unit of the
Company prior to the filing of the prospectus. 


The syndicate of agents for the offering is being co-led by RBC Capital Markets
and CIBC and includes BMO Capital Markets, National Bank Financial Inc.,
Scotiabank, TD Securities Inc., GMP Securities L.P., Macquarie Private Wealth
Inc., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc.,
and Mackie Research Capital Corporation. 


About Brompton Funds 

Brompton Funds, a division of Brompton Group, is a leading and experienced
closed-end fund manager. Brompton is focused on meeting the needs of investors
by offering low cost, innovative products with client friendly terms and
supported by strong corporate governance. For further information, please
contact your investment advisor, call Brompton's investor relations line at
416-642-6000, (toll-free at 1-866-642-6001) email info@bromptongroup.com or
visit our website at www.bromptongroup.com. 


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the Fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds are
not guaranteed, their values change frequently and past performance may not be
repeated. 


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this news release and to other
matters identified in public filings relating to the Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some cases,
forward-looking information can be identified by terms such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. Actual results may vary from such
forward-looking information. 


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy securities nor will there be any sale of such securities in any
state in which such offer, solicitation or sale would be unlawful. 


This offering is only made by prospectus. A final prospectus containing
important detailed information about the securities being offered has been
filed. Copies of the prospectus may be obtained from any of the above-mentioned
agents. Investors should read the prospectus before making an investment
decision. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brompton's investor relations line
416-642-6000 or Toll-free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com

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