Brompton Split Banc Corp. to Boost Shareholder Access with 17% Class A Split
Brompton Split Banc Corp. (TSX: SBC, SBC.PR.A) is set to split its Class A shares on October 28, 2025, following strong performance in the stock market. The move aims to boost accessibility and liquidity for shareholders.
The stock split, subject to Toronto Stock Exchange (TSX) approval, will see Class A shareholders receive 17 additional shares for every 100 held. This 17% increase is expected to boost distributions to approximately $0.17 per share, maintaining the current monthly cash distribution of $0.10 per share.
Looking back, Class A shares have delivered a robust 18.4% per annum total return over the past decade, outpacing relevant indices. Since inception, shareholders have received cumulative cash distributions of $23.45 per share. Post-split, preferred shares are expected to have downside protection of around 55% in case of portfolio value decline.
The upcoming stock split reflects Brompton's strong performance and commitment to shareholder value in the classroom of the stock market. With the distribution reinvestment plan remaining commission-free, Class A shareholders can continue to benefit from the Fund's growth.
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