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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Dec 11, 2023 5:14pm

102 Views

Post# 35778756

LCS unit nav to DEC 11= approx: $16.99

LCS was well over 17$ UNIT NAV with an hour or 2 to go in the day, but IAG, GWO and SLF pulled back and the day ended with the gains since Dec 7 @ only 23 cents.
Last trade @ $6.53 means the discount is at 46 cents before prorated preferreds are figured in. That works out to a discount of 6.6%.
Havent seen many paying spltis with this much safety at that kind of level.

<< Previous

Bullboard Posts

Next >>

Critical raw materials pioneer drives Europe’s clean energy transition