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 > Took some profits today

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Comment by Experiencedon Oct 06, 2023 2:30pm

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Post# 35673663

RE:Took some profits today

lol mouserman…we are on the same wavelength

Sold my holdings that I bought on Tuesday for under 5 a share. Your point about having to pay out on commons and preferred is a great point. As I mentioned in a post when I bought back in that it was a nervous buy. So we will see what happens and I will look to reload again around 5 if conditions look good. This round trip was not as lucrative as the other two but as they say nobody ever went broke taking a profit.

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