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 > ALL 4 lifecos up again, while CAD banks struggle

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Post by mousermanon Feb 07, 2024 9:47am

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ALL 4 lifecos up again, while CAD banks struggle

Once again we see the discount GROWING on LCS, despite the jump in UNIT NAV... i suspect LCS should again pass FTN in UNIT NAV once the next distributions are fiugred in..
Realtime LCS unit nav is $17.10 and next month only pays out 7.5 cents to Commons. FTN will pay out 20 cents in common/preferreds distributions.

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