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 02, 2023 9:10am

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Post# 35476582

Brompton update LCS UNIT NAV @ $16.01 before DIST.

So that valued the commons @ $15.93 or so , after paying 7.5 dist to commons as of ex divvy date.
Prorated preferreds would lower the value of commons to $5.88... and regardless of all those, LCS trades at a dicount.

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Canadian security stock unveils public offering and partner investment