Brompton Lifeco Split Corp T.LCS

NEW ISSUE

[navgod]

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.

[mouserman]

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

[marcrobert]

how does a treasury offering change anything if they take the proceeds and buy the underlying shares, increasing assets by the same token or is there something else going on here like issue shares, use cash to continue to pay a share distribution, don'.t buy any more underlying and dilute the share count, ?? this is one part of the sceme im not clear on

[marcrobert]

From the prospectus : USE OF PROCEEDS The net proceeds to be received by the Company assuming the maximum Offering will be $38,985,199 after deducting the Agents’ fee and the expenses of the Offering, estimated to be $1,515,601. The Company intends to use the net proceeds of the Offering in accordance with the Investment Objectives, Investment Strategies and Investment Restrictions. It