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Bullboard - Stock Discussion Forum Brompton Lifeco Split Corp. Class A Shares T.LCS

Alternate Symbol(s):  T.LCS.P.A

Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of major publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted to be $0.075 per share and the opportunity for growth in Net Asset Value per share.

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RE:Averaging up here.

Lifeco's going up and this is going down. That should tell you to stay away. we are going into a slower economy, and it broke the $5 barrier now accelerating down toward nav. people not buying...read more

RE:Averaging up here.

why down so much every day down to 2021 jan lows  rate and reply

Averaging up here.

Am at quite a loss here, not counting the distribution.  Like the Insurance basket so have be cautiously nibbling at LCS, averaging down my cost.  rate and reply

Almost out - good luck

almost out, started selling north of 6 but a big chunk around 5, cost 2 bucks so im not complaining. we're at a 50/50 junction here: if china comes back to work we might get a good bounce, same...read more

lcs

For my part, I have BK and I am not worried about the valuation of the banks. The profitability of Canadian banks is well established.  rate and reply

No declaration for divid yet ???

It is weird not dividend decared yet  rate and reply

RE:RE:So Glad I loaded up!

Thank you for your comments.  I am fairly new to these and understand the basics but I do keep a close eye on per cent above nav or below in terms of protecting gains or adding new shares. ...read more

RE:So Glad I loaded up!

Just something to keep in mind. I bought this in the 2s, like many others here. Lifecos i think still have some upside, but with LCS, you have to keep a close eye on the nav. We have talked about...read more

So Glad I loaded up!

So glad i loaded up in the low 6s!!  Damn, huge divi and capital gains already over 13 per cent.    rate and reply

RE:RE:RE:Why is this selling off?

Thanks for your thoughts, I feel the same way but it looks like the market wants to tank.  I sold last week and will wait to re enter.  rate and reply

RE:RE:Why is this selling off?

With the flight to safety, Bonds prices have been going up and their yields down. The market pays more attention to the yeild for Insurers and Banks.  So that sector has been weakening lately. I...read more

RE:Why is this selling off?

I feel the same way. Picked some up in the 6.40 range as it seems safe and reliable, right now. Both Manulife and GWL are down somewhat today so that might explain some of it.  rate and reply

Why is this selling off?

NAV looks good and divy looks safe, am I missing something?  rate and reply

RE:RE:NEW ISSUE

From the prospectus : USE OF PROCEEDS The net proceeds to be received by the Company assuming the maximum Offering will be $38,985,199 after deducting the Agents’ fee and the expenses of the...read more

RE:NEW ISSUE

how does a treasury offering change anything if they take the proceeds and buy the underlying shares, increasing assets by the same token or is there something else going on here like issue shares...read more

RE:RE:LCS UNIT NAV updated from Brompton @ $17.14 to FEB 3

Started a new small position for the income and hopefully upside.  Had a small position that I sold off at much lower prices to swap into LFE late last year.  Doing well on that... So...read more

RE:LCS UNIT NAV updated from Brompton @ $17.14 to FEB 3

Sorry fatfinger entry into my spreadsheet put the new nav estimate a WAY out. Only a 9 cent gain since the update yesterday. Commons now with a value of $7.22, all 4 of the canadian lifecos up.  rate and reply

LCS UNIT NAV updated from Brompton @ $17.14 to FEB 3

This is of course after all distribution had been paid to Preferreds and commons. Next payment to preferreds will not come until MAY 2022... Today the gains are 36 cents which puts the UNIT NAV @ $17...read more

LCS UNIT NAV estimate to Feb 03= approx: $17.38

So in the past week  LCS has gained 51 cents , and the value of the commons after dist. would be 17.15. SO trading at a bit of a discount. Yield today would be 12.86% annually.  rate and reply

RE:NEW ISSUE

Well the beatdown in LCS shares due to the offering , may have created a low buying zone. and it has moved up quite a lot since the sell off after the offering where it dropped down to the $6.40 to $6...read more