Financings
Brompton Split Banc Corp. Completes Preferred Share Offering

SBC · Price
Executive Summary
- Brompton Split Banc Corp. completed a treasury offering of preferred shares, raising approximately $55.3 million in gross proceeds.
- The preferred shares were priced at $10.40 each, yielding an annualized 6.0% on the offer price.
- Proceeds will support the Fund’s investment strategy in Canada’s major banks and limited global financial diversification, enhancing liquidity and growth potential for shareholders.
Key Details
- Offering Size: Gross proceeds of ~ $55.3 million.
- Security Issued: Preferred Shares (TSX: SBC.PR.A).
- Price & Yield: $10.40 per share; 6.0% annualized yield on the offer price.
- Syndicate Lead Managers: 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 Portfolio Focus: Approximately equal weighting in the six largest Canadian banks (RBC, Scotiabank, National Bank, TD, CIBC, BMO) with up to 10% of assets allowed for global financial companies.
- Historical Returns (as of Feb 28 2026): 1‑yr 6.4%, 3‑yr 6.4%, 5‑yr 5.9%, 10‑yr 5.4%, S.I. 5.3% (unaudited).
- Use of Proceeds: To fund the Fund’s investment activities and maintain liquidity for its diversified bank‑focused portfolio.
Notable Quotes
(No direct quotes were provided in the release.)