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 > Insurance companies

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Post by kurtwalteron Feb 08, 2024 11:10am

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Post# 35869968

Insurance companies

High-flyer insurance company Fairfax, FFH, was hit by a short-seller's report by Muddy Waters. FFH denied all charges, of course, but shares still dropped 10% as of 11 am. That may have influenced share prices on LCS portfolio, down abou 1% as aof 11:10

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