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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 Toppicks1on Jan 17, 2024 10:46am
80 Views
Post# 35831175

No support

No supportOnce again it is no surprise. glad I sold this in the 6.35 40 area as holding this for a 7.5 cent dividend makes very little sense. There is gaps at 5.00 and 4.40. Not sure either will fill. The market makers that control this fund may take retail for a bigger dip in which could lead to a buying opportunity for a capital gain. I wouldn't touch this if your looking for divi income. 
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