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 in realtime = approx: $16.94

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Post by mousermanon Jan 24, 2024 9:39am

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LCS unit nav in realtime = approx: $16.94

ALL 4 lifecos report here in February, but divvies wont be a factor for the LCS NAV until the stocks go ex divvy. Most are at least a month away.
Even so after distributions to commons and preferreds the NAV of the LCS commons at this point would be $6.72 , still at a huge discount even AFTER deducting the distributions , which wont happen until the weekly report after ex divvy date .

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