SBC.PR.A Brompton Split Banc Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Brompton Split Banc Corp. (TSX:SBC)(TSX:SBC.PR.A) is pleased to announce the
closing of a warrant offering which was fully subscribed and resulted in the
issuance of 2,654,848 Units (each Unit consisting of one Class A and one
Preferred share) for gross proceeds totalling $54.6 million. 


The net proceeds of the warrant offering will be invested on an approximately
equal weighted basis in a portfolio of common shares of six Canadian banks (Bank
of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal
Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank). The
completion of the warrant offering is expected to increase the trading liquidity
of the Class A and Preferred shares and reduce the ongoing management expense
ratio of the company.


For further information, please contact your financial advisor, call Brompton's
investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) or visit
our website at www.bromptongroup.com.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds are
not guaranteed, their values change frequently and past performance may not be
repeated.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this press release and to other
matters identified in public filings relating to the Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some cases,
forward-looking information can be identified by terms such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. Actual results may vary from such
forward-looking information. 


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities nor will there be any sale of such securities in any
state in which such offer, solicitation or sale would be unlawful.

Grafico Azioni Brompton Split Banc (TSX:SBC.PR.A)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Brompton Split Banc (TSX:SBC.PR.A)
Storico
Da Giu 2023 a Giu 2024