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 > Portfolio NAV

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Comment by mousermanon Feb 14, 2024 12:16pm

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Post# 35879965

RE:RE:Portfolio NAV

AnEducator wrote: LCS has a current leverage ratio of almost 250%. A portfolio decline of 1.35% would translate to a capital share NAV decline of 2.5 x 1.35% = 3.38%. For a paying split share trading at a discount, one can certainly argue that it is an overreaction, but 4% is not unreasonable in such a negative climate.

This is a great opportunity for those bullish on this sectorl, but leverage certainly has its risks.

kurtwalter wrote: IAG was down 2%, remaining three around 1.04- 1.09%. Total portfolio down 1.35% - LCS down 4% is a dreadful overreaction.

LCS unit nav in realtime now @ $16.90... nice bounce back after the selloff yesterday... MFC and GWO reporting after the close.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle