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Bullboard - Stock Discussion Forum 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... see more

Bullboard (TSX:LCS)

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Post by mousermanon Oct 03, 2023 11:43am

LCS unit nav in realtime + approx: $15.15...

SHowing a loss of 60 cents if they are still hiolding the same amounts of stock and cash. I would imagine Brompton managers have seen the light and have gone to a bigger cash component. WIll see what ...more  
Post by kurtwalteron Oct 03, 2023 10:50am

Lifecos

All four down about 1.7%, portfolio down 1.7%
Comment by Experiencedon Oct 03, 2023 10:40am

RE:LCS all red again

Market sentiment is currently in the Extreme Fear category.
Post by mousermanon Oct 03, 2023 10:14am

LCS all red again

Appears fear in the market is at similar  highs going back to the first 6 months of the pandemic. Throwing out the baby with the bathwater. Sooner or later LCS will be a buy...
Post by mousermanon Oct 03, 2023 9:37am

IAG up on acquisition news.

iA Financial Corp Inc Symbol IAG Shares Issued 102,025,365 Close 2023-10-02 C$ 84.62 Recent ...more  
Post by mousermanon Oct 03, 2023 9:31am

lifecos will bounce back

Higher yields are good... for lifecos, not so good for banks who are stuck with worthless bonds in the portfolio.  Paper losses , but eventually they have to be factored in.
Comment by Experiencedon Oct 03, 2023 8:18am

RE:LCS unit nav to OCT 02 = approx: $15.50

Getting closer to the low 5s for a possible reload for another round trip. Market sentiment is in the Fear category and so the prospect of a lower market is still there before a turnaround.  The ...more  
Post by mousermanon Oct 02, 2023 4:26pm

LCS unit nav to OCT 02 = approx: $15.50

Not sure on what LCS has for cash at this time, or the weightings.. but the UNIT NAV showed higher than  my spreadsheet if distributions to commons were paid. Will be better informed on friday ...more  
Post by mousermanon Oct 02, 2023 2:21pm

UNIT NAV to OCT 2 in realtime @ about $15.52 before dist.

So has lost about 22 cents off the UNIT NAV since thursday. when it was stated by Brompton to be $15.75. I  think the commons distributions still needs to come off but wont know til the update ...more  
Post by mousermanon Sep 29, 2023 6:25pm

LCS unit nav to Sept 29 = $15.69 before dist...

I believe the LCS commons have a value of about $5.62 here , before accounting for preferreds.
Post by mousermanon Sep 29, 2023 10:07am

Trades going thru on ATS @ $5.78

Nothing on the tsx tho...    House Positions for C:LCS from 20230929 to 20230929 House Bought $Val Ave Sold $Val  ...more  
Post by mousermanon Sep 29, 2023 9:02am

Brompton reports LCS UNIT NAV @ $15.75

So spreadsheet was dead on as far as that goes. COMMONS have a value of $5.65 according to Brompton which would account for the prorated preferreds.
Post by mousermanon Sep 28, 2023 4:20pm

LCS unit nav to Sept 28 = approx: 15.75

So tomorrows update should show about that number. I do not think they take off the dist. on ex divvy date.. but not sure anymore.
Post by mousermanon Sep 28, 2023 2:12pm

Bouncing back today, and UNIT NAV back to about $15.70

After distributions the NAV of the commons would be about 5.63 so trading right near its NAV. NO premium like the rest of the paying splits are getting.