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 > LCS unit nav to DEC 29 = approx: $16.94 AFTER dist.

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Post by mousermanon Dec 29, 2023 4:06pm

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LCS unit nav to DEC 29 = approx: $16.94 AFTER dist.

So after the payment to commons the UNIT NAV would have a value of $16.94.. up nearly 9 cents today from the update yesterday. So commons would be valued @ $6.94 today before accounting for Quarterly preferreds being prorated. Last trade @ $6.39 means a big discount of 55 cents after ex divvy selling.

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