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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.


TSX:LCS - Post by User

Post by mousermanon Feb 12, 2024 4:28pm
94 Views
Post# 35876292

LCS UNIT NAV to Feb12 = approx: $16.99

LCS UNIT NAV to Feb12 = approx: $16.99Appears as tho the market believes GWO results of the 14th wont be very good, as the  GWO falling stock price has dropped LCS UNIT NAV by 16 cents. The other 3 in the fund all had positive moves since thrusday, but not enuf to offsett the  GWO losses,. LCS still trading at about a  31 cent discount. Payout this month will only be the 7.5 cents to commons.
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