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 = approx: $14.83 to OCt 24

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Comment by navgodon Oct 24, 2023 6:09pm

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Post# 35699149

RE:RE:LCS unit NAV = approx: $14.83 to OCt 24

Did the same added 50K to what was already my biggest capital share position.Did most of my buying late in the day so got in a pretty good levels. These levels provide a nice discount to NAV which will help support the sp going forword. The maturity/extension date is six months away at the end of April/24. and should also providesupport. GLTA

Experienced wrote: Snagged some through the day today at various prices.

Long road to climb back to a payout being a sure thing but as I posted earlier, the risk/reward based on total return (Capital gains plus divy) suggests that it is worth a try. Even if it doesn't get there for a few months, the math is still pretty compelling.

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