Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.PR.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

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Post by mousermanon Jan 31, 2024 4:33pm

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Post# 35855800

LCS unit NAV to Jan 31 = approx: $17.20

LCS still showing a gain of 12 cents in the past 4 trading sessions. And after distributions to Commons and preferreds LCS common shares are STILL valued at $6.97,,, and so still trade at a huge discount despite the safety of nearly 2 $. Smaller payout also makes it much easier for LCS to sustain distributions to commons. Last trade @ $6.58 leaves the discount @ 39 cents or about 5.6%...AFTER DIST are PAID....

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