Split Corporation
Class A share & preferred share data · Managed by Brompton Funds · Live TSX data, updated daily
Class A (SBC) price
$13.11
+$0.25 today
Class A Yield
9.15%
Preferred Yield
6.02%
NAV / Unit
$26.80
Downside Protection
57.8%
Dividend Coverage
1.05
Maturity Date
Nov 29, 2027
The fund issues two classes. Class A (SBC) pays a higher, variable monthly dividend and floats with the portfolio. Preferred shares rank ahead of Class A and give up upside for stability.
| Metric | Class A (SBC) | SBC.PR.A |
|---|---|---|
| Price | $13.11 | $10.39 |
| Current Yield | 9.15% | 6.01% |
| Dividend | Variable monthly | $0.1563 |
| 52-Week Range | $7.97–$15.46 | $10.01–$10.71 |
| Priority | Juniors — paid after preferreds | Senior — paid first, cumulative |
| Detail page | n/a (fund quote) | — |
SBC is a split corporation: a closed-end fund that splits a portfolio of Big 6 banks stocks into two classes of shares with different risk-return profiles. The portfolio's net asset value is currently $26.80 per unit. Preferred shares — SBC.PR.A — receive a prioritized, cumulative monthly dividend; Class A shareholders give up that priority in exchange for a much higher yield.
Preferred holders' downside protection stands at 57.8%: the portfolio could fall that far before preferred shareholders' $25 redemption value is at risk. Dividend coverage is 1.05×.
On Nov 29, 2027 the fund matures and is wound up: preferred shares are redeemed first, Class A holders receive the residual value. See our SBC.PR.A preferred share page for issue terms, prospectus data and history.
SBC is a Canadian split corporation managed by Brompton Funds. It holds a portfolio of Big 6 banks stocks and issues two classes of shares: Class A shares (higher yield, more risk) and preferred shares (prioritized, more stable dividends).
SBC is the Class A share — the equity class of the fund, with a higher (and variable) yield. SBC.PR.A is the preferred share class, which receives a prioritized cumulative dividend and ranks ahead of Class A. Downside protection is currently 57.8%.
The fund has a maturity date of Nov 29, 2027. At maturity, the fund winds up and both classes are terminated: preferred shareholders are paid first (up to their $25 redemption value per preferred share), and Class A holders receive what remains of the portfolio value.
Downside protection is the cushion preferred shareholders have before losing principal: it is the difference between the fund's net asset value per unit and the preferred shares' redemption value. For SBC it is currently 57.8%.