SBC.PR.A Brompton Split Banc Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. 


Brompton Split Banc Corp. (TSX:SBC)(TSX:SBC.PR.A) is pleased to announce that it
has completed its treasury offering of 1,250,000 class A shares and 1,250,000
preferred shares for aggregate gross proceeds of $26,875,000. Shares will
continue to trade on the Toronto Stock Exchange under the existing symbols SBC
(class A shares) and SBC.PR.A (preferred shares). 


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 $10.00 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 per class A share and to provide the
opportunity for growth in net asset value per class A share. 


The final class A share and preferred share offering prices were determined so
as to be non-dilutive to the net asset value per unit of Brompton Split Banc
Corp. on the date of pricing, October 26, 2012.


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.


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

Brompton Split Banc (TSX:SBC.PR.A)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Brompton Split Banc (TSX:SBC.PR.A)
Historical Stock Chart
Von Jun 2023 bis Jun 2024