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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 > LCS UNIT NAV updated from Brompton @ $17.14 to FEB 3
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Post by mousermanon Feb 04, 2022 1:07pm
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Post# 34398421

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

LCS UNIT NAV updated from Brompton @ $17.14 to FEB 3This 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 @ $17.50
and commons would be valued near $7.49... and are trading at quite a discount.
Yield is still above 12 .8 %    not a bad play for capital gains here. It was not long ago that LCS did the offering when the commons stock price got to over a 10% premium. Still may be some hangover from the offering. That will eventually disappear as shorts are forced into covering.
Those in the Offering are now in the money at over $6.95 for commons.
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