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Brompton Split Banc Corp. announces Class A share split and increased distributions
Summary
Brompton Split Banc Corp. announced a planned Class A share split that would give 20 additional shares per 100 held to shareholders of record on Feb. 24, 2026, and said total distributions will be increased; the split is subject to Toronto Stock Exchange approval.
Content
Brompton Split Banc Corp. announced it intends to complete a stock split of its Class A shares. The announcement attributes the move to the Fund's strong performance. Shareholders of record at the close of business on February 24, 2026 will receive 20 additional Class A shares for every 100 held. The proposed split is subject to approval by the Toronto Stock Exchange.
Details:
- The Fund announced its intention to complete a stock split of Class A shares.
- Shareholders of record on February 24, 2026 will receive 20 additional Class A shares for every 100 held.
- The Share Split is reported as being driven by the Fund's strong performance.
- The announcement also referenced an increase to total distributions, with no further specifics provided in the release.
Summary:
The announcement would change the share structure for Class A holders if the Toronto Stock Exchange approves the split and it confirms an increase to total distributions. The next procedural step is review and approval by the Toronto Stock Exchange; further details were not provided.
