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

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Post by mousermanon Jun 01, 2023 4:50pm

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Post# 35475725

LCS unit nav to JUNE 1 = approx: $15.92 after dist.

So after paying 7.5 cents in distributions to commons, LCS commons would now have a value of $5.92
Discount is now only 16 cents, and really there should NOT be a discount, given that splitfunds commons for example, DFN , have over a dollar lower UNIT NAV and trade at premiums of over 40%.
I can understand LCS having a lower premium, but not a discount.

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