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.

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Brompton Lifeco Split Corp > LCS realtime UNIT NAV @ 15.73 today.

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Post by mousermanon Jan 24, 2023 1:21pm

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LCS realtime UNIT NAV @ 15.73 today.

So trading at about a 30 cent discount still, with only a few days left until the ex divvy date.
Yield with the price @5.42 is 16.6%... which is better than BK , which at the latest price, is under 15% as the distributions are based on the trading price in the last 3 days of the preceding month.
BK has one of the biggest safety margins, so gets a pretty decent premium getting up close to 30%.

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