Financings

BROMPTON SPLIT BANC CORP. ANNOUNCES PREFERRED SHARE OFFERING

By The Northwire Desk — AI Analysis Dec 02, 2025 · 15:16 SBC · 12.1 BROMPTON SPLIT BANC CORP. CLASS 'A'

SBC · Price

Brompton Split Banc Corp. announced a treasury offering of preferred shares priced at $10.40 each, yielding 6.0% annualized.
The offering is expected to close around December 10, 2025, subject to TSX approval and other closing conditions.
Preferred Shares provide quarterly cash distributions of $0.15625 (6.25% per annum) and a guaranteed return of the original issue price on November 29, 2027.

Offering Price: $10.40 per preferred share (annualized yield 6.0%).
Distribution Rate: Fixed cumulative quarterly cash distribution of $0.15625 per share (6.25% per annum based on the original $10.00 issue price).
Redemption/Return: Original issue price to be returned to holders on November 29, 2027.
Closing Timeline: Sales period ends 3 Dec 2025; expected closing on or about 10 Dec 2025, subject to TSX approval and other conditions.
Lead Underwriter: RBC Capital Markets.
Aggregate Dividends Declared: $10.22 per preferred share, representing 80 consecutive quarterly dividends since inception (Nov 16, 2005).
Downside Protection: Based on NAV as of 27 Nov 2025, shares have approximately 57% downside protection against portfolio value decline.
Rating: Morningstar DBRS rating of Pfd‑3.
Fund Portfolio Composition: Approximately equal weighting in the six largest Canadian banks (RBC, Scotiabank, National Bank, TD, CIBC, BMO) with up to 10% allocated to global financial companies for diversification.
Prospectus Information: Short form base shelf prospectus filed; supplement to be filed before any sale or acceptance of offers.

(No direct quotes were provided in the release.)

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