Financings

Brompton Split Banc Corp. Completes Preferred Share Offering

By The Northwire Desk — AI Analysis Dec 10, 2025 · 08:51 SBC · 12.54 BROMPTON SPLIT BANC CORP. CLASS 'A'

SBC · Price

Brompton Split Banc Corp. completed a treasury offering of preferred shares, raising approximately $38.2 million in gross proceeds.
The preferred shares were priced at $10.40 each, yielding an annualized 6.0% on the offer price.
The offering was led by a syndicate of major Canadian investment banks, including RBC Capital Markets and CIBC Capital Markets.

Gross proceeds: ~ $38.2 million from the sale of preferred shares (TSX: SBC.PR.A).
Offering price: $10.40 per Preferred Share.
Yield: 6.0% annualized on the offer price.
Syndicate lead agents: RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank.
Additional syndicate participants: Hampton Securities Ltd., Canaccord Genuity Corp., BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., CI Investment Services Inc., Manulife Securities Inc., Research Capital Corp., Ventum Financial Corp., Wellington‑Altus Private Wealth Inc.
Trading symbol: SBC.PR.A on the Toronto Stock Exchange (TSX).
Fund investment focus: Approximately equal weighting in common shares of Canada’s six largest banks, with up to 10% of assets permitted for global financial companies.
Historical performance (as of Nov 30 2025):
1‑yr compound return: 6.4%
3‑yr compound return: 6.4%
5‑yr compound return: 5.9%
10‑yr compound return: 5.4%
Use of proceeds: Not explicitly detailed in the release; typical purpose is to fund the Fund’s operations and investment activities.

(No direct quotes from executives were included in the release.)

More from BROMPTON SPLIT BANC CORP. CLASS 'A'