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 > IAG beats earnings calls

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Comment by Experiencedon Nov 08, 2023 12:00am

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Post# 35722873

RE:IAG beats earnings calls

There a few ways of looking at this. Much will depend on which metric the pros will look at.

You mentioned one of them - EPS

I suggest as a counter point you look at page 13 of the MD&A where they talk about a 2.5 billion dollar loss in investment revenues attributed to higher interest rates. Also from page 36, they paid out more in dividends than their earnings this quarter - although for the 9 months they paid out a lot less in dividends than their earnings.

The related question though is how much of this is already factored into the SP. We will get an idea tomorrow.

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