Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.P.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions in the amount of 0.15625 per share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders at maturity; 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. To achieve these objectives, the Fund invests in a common share portfolio of the following Canadian life insurance companies on an equally weighted basis at the time of investment and any subsequent rebalancing.

TSX:LCS - Post by User

Brompton Lifeco Split Corp > NEW ISSUE

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Comment by mousermanon Feb 02, 2022 11:17am

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Post# 34389154

RE:NEW ISSUE

navgod wrote: After beating DGS down towards its NAV Brompton turned to LCS as one of its only securities trading at a level above NAV to support an issue. Switched out of most of my LCS but still got holding a few- thought I had more time.

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 $6.50 range for a few days. Altho we were witnessing a bit of a pullback in financials then. Lifecos have surged quite big of late. LFE has seen a lot of interest, and of course that will take buyers away from LCS, as the annual distribution rate % is nearly double of LCS.

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