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 > Some dummies actually shortsold LCS late November

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Post by mousermanon Dec 11, 2023 2:54pm

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Post# 35778407

Some dummies actually shortsold LCS late November

Why would you short a heavily discounted split fund common that is TRADING AT A DISCOUNT?
I guess you must like paying a distributions on top of being underwater on the short..
I suspect anon covering today was from that move.

Short Positions for LCS

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : LCS	2023-11-30	16,702	7,262	8,158,615	0.20
T : LCS	2023-11-15	9,440	-1,203	8,158,615	0.12
T : LCS	2023-10-31	10,643	-10,548	8,158,615	0.13
T : LCS	2023-10-15	21,191	18,623	8,158,615	0.26
T : LCS	2023-09-30	2,568	-4,211	8,158,615	0.03
T : LCS	2023-09-15	6,779	-7,452	8,158,615	0.08