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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.


TSX:LCS - Post by User

Post by mousermanon Aug 22, 2023 4:31pm
98 Views
Post# 35600605

LCS unit NAV to AUG 22 = approx: $15.10

LCS unit NAV to AUG 22 = approx: $15.10So has lost 51 cents  since  the Update on thursday... So after distributions to commons the valuye of the commons is $5.02 or so... would still get paid, but there is 2 more days to go. Perhaps the markets will bounce, but i dont feel too optomistic on that front . I did buy some back today, but not a huge amount as my average price is very low and so can wait until some sanity returns to the markets. 
Downside almost always lasts longer than most think, and bull markets almost always go beyond where they should .
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