S Split Corp. (T:SBN)
Business Focus: Mutual Funds (NEC)
Insider Filings
Latest 10 SEDI filings for SBN within the last 6 months
See all filings within the past 6 months
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Company News
May 03, 2024 16:01 ET
S Split Corp. Declares Monthly Distribution
(TSX: SBN; SBN.PR.A) S Split Corp. has declared monthly distributions, payable on May 31, 2024 to shareholders of record on May 15, 2024. Due to the decline in the net asset value (“NAV”) per unit below $16.50, the Company has suspended...
Apr 03, 2024 16:01 ET
S Split Corp. Declares Monthly Distribution
(TSX: SBN; SBN.PR.A) S Split Corp. has declared monthly distributions, payable on April 30, 2024 to shareholders of record on April 15, 2024. Due to the decline in the net asset value (“NAV”) per unit below $16.50, the Company has suspended...
Valuation Ratios
Industry
Sector
Beta
2.93
--
--
Price to Sales - TTM
4.61
6.16
4.61
Price to Book - most recent quarter
1.05
1.42
1.75
Price to Cash Flow per share - TTM
--
--
8.88
Price to Free Cash Flow per share - TTM
3.09
2.55
19.64
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 26 | -1,100 |
| Apr 15, 2024 | 1,126 | -183 |
| Mar 31, 2024 | 1,309 | 1,300 |
Business Summary
| Sector: Financials | Industry: Mutual Funds |
S Split Corp. (the Fund) is a Canada-based split share corporation, which invests in common shares of the Bank of Nova Scotia. The Fund's investment objectives for the Preferred shares are to provide holders of Preferred Shares with fixed cumulative preferential monthly cash distributions in the amount of $0.04375 per Preferred Share ($0.525 per year) representing a yield on the issue price of the Preferred Shares of 5.25% per annum and to return the issue price of $10.00 per Preferred Share to holders of Preferred Shares at the time of redemption of such shares upon Termination of the Fund. The Fund's investment objectives for the Class A Shares are to provide holders of Class A Shares with monthly cash distributions targeted to be 6.00% per annum on the net asset value (NAV) of the Class A Shares and to provide holders of Class A Shares with the opportunity for leveraged growth in NAV and distributions per Class A Share. Its investment manager is Mulvihill Capital Management Inc.
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