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

Brompton Lifeco Split Corp > LCS unit nav to OCT 20 = approx: $14.87

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Comment by Experiencedon Oct 23, 2023 9:56pm

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Post# 35697475

RE:RE:RE:RE:RE:RE:RE:LCS unit nav to OCT 20 = approx: $14.87

NoShoes....good point - hard to assess right now...

The overall market sentiment right now is in the Fear category and on the verge of going to Extreme Fear. Typically, when the sentiment indicator is in this range, it is often a good time to add to stock positions even if it might take a while for things to go up. This consideration was part of my decision to take a smallish position today.

Right now it is probably 50/50 in terms of a correct short term decision but I agree that longer term, the yield at this price looks pretty good even if I miss a few monthly dividends.

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