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 > National Bank Financial analyst Jaeme Gloyn

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Post by Donwaanon Feb 06, 2024 11:13am

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National Bank Financial analyst Jaeme Gloyn

...is maintaining his favourable outlook for the property and casualty (P&C) insurance sector, pointing to "persistent hard market conditions across most business lines and higher interest rates driving sustainably higher investment income." (I assume this applies to the Lifecos too)

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