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.

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Brompton Lifeco Split Corp > Lifecos continue to outperform the banks

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Post by mousermanon Jun 12, 2023 11:05am

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Post# 35491517

Lifecos continue to outperform the banks

Good reason for this , with higher interest rates, shocking the many debt ridden Canadians, as they fall further behind in making payments for home mortgage, car payments, credit cards, etc, etc
At record levels BEFORE the latest hike. So banks much more at risk than Lifecos, which generally do better in high interest rate envirnoments.
Today the gains from IAG and MFC outpacing the losses from SLF and GWO, so Overall a gain of a few pennies. Meanwhile 5 of the 6 CAD banks down today... only CM showing green, but only up 2 pennies.

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