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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 Dec 08, 2023 4:31pm
121 Views
Post# 35775650

LCS unit nav to DEC 08= approx: $16.84

LCS unit nav to DEC 08= approx: $16.84So spreadsheet is showing a gain of about 8 cents since the update yesterday. LAst sale @ $6.45 means the DISCOUNT is about 39 cents or about  5.7 %. The higher the UNIT NAV climbs it semms the bigger the discount gets. I think many  are chasing the bigger yields.. and buying for trades , the ones under the  15$ threshhold for paying.
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