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Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s):  T.LCS.PR.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 > A mystery
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Comment by JohnWalkeron Jan 06, 2023 2:21pm
80 Views
Post# 35207509

RE:RE:A mystery

RE:RE:A mystery
Compypaul wrote:
Donwaan wrote: How is it that LCS with a NAV of 5.11 is trading a full dollar below DGS with a NAV of 4.62? This does not compute!

No rhyme or reason to this. It may be, in part, because DGS has already been paying distributions, sporadically, while LCS hasn't paid in quite a while. Share prices do seem to be moving closer to each other recently though. 


LCS has not made a distribution since April 2022. Also, when it does make a distribution it only pays $0.075 per share as opposed to $0.10 per share for most other Brompton splits. So, based on todays selling price of $5.10 that means your ONLY getting 17.6% yield.
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