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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 16, 2024 12:09pm
91 Views
Post# 35884358

LCS unit nav in realtime @ $17.47

LCS unit nav in realtime @ $17.47Lifecos continue their strong move, and  LCS up about 10 cents at this point today. Seems the discount to NAV is becoming a premanent fixture ,no matter what the NAV and how long LCS keeps paying. The fact that LCS is illiquid , ( doesnt trade huge volumes) is one negative and now the yield around 12.66 % not as attractive.  Still I believe there is more upside to the lifecos as long as interest rates  stay elevated.
I now have more LFE than LCS... and will be interesting to see the NAV on that  lifeco split fund when Quadravest posts.

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