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.

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Brompton Lifeco Split Corp > Why is this selling off?

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Comment by slston Mar 05, 2022 12:38pm

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Post# 34486865

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 am under water on this one. With inflation, and Central Banks raising rates, the yeilds should firm up at some point. I hope. In the mean time, we have nice monthly distribution.

Good Luck Longs.

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This company starts production at what could be Canada’s next great gold mine