Brompton Split Banc Corp. (T:SBC)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 181 Bay St Suite 2930 TORONTO ON M5J 2T3 |
| Tel: | N/A |
| Website: | https://www.bromptongroup.com/product/brompton-split-banc-corp |
| IR: | See website |
| Key People | ||
| Mark A. Caranci President, Chief Executive Officer, Director | Ann P. Wong Chief Financial Officer, Director | Kathryn A. H. Banner Senior Vice President, Corporate Secretary |
| Michael D. Clare Senior Vice President and Senior Portfolio Manager | Christopher Z. Cullen Senior Vice President | Manith Phanvongsa Senior Vice President |
| Michelle L. Tiraborelli Senior Vice President | Laura W. Lau Chief Investment Officer | |
| Business Overview |
| Brompton Split Banc Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price of $10.00 per Preferred share to shareholders at maturity and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least $0.10 per Class A share, and the opportunity for growth in Net Asset Value per Class A share. The Fund invests in a portfolio of common shares of the six Canadian banks. In addition, the Fund may hold up to 10% of the total assets of the portfolio directly in investments in global financial companies or indirectly through exchange-traded funds for the purposes of enhanced diversification and return potential. The Fund's manager is Brompton Funds Limited. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, Brompton Split Banc Corp. revenues decreased from C$103.3M to -C$39.8M. Net loss applicable to common stockholders totaled C$54.1M vs. income of C$93.8M. Revenues reflect Unrealized G/L on Investment Securitie decrease from C$84.3M to -C$59.8M, Realized G/L on Investments Securities decrease of 22% to C$5.8M. Net loss reflects Selling/General/Admin. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $199.56M as of Dec 31, 2022 |
| Annual revenue (TTM): | $-39.76M as of Dec 31, 2022 |
| EBITDA (TTM): | -$45.22M as of Dec 31, 2022 |
| Net annual income (TTM): | -$54.06M as of Dec 31, 2022 |
| Free cash flow (TTM): | -$54.65M as of Dec 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 21,734,265 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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