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 > LCS unit nav to FEb 28 = $17.10

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Comment by chessplayeron Feb 29, 2024 8:52am

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Post# 35905975

RE:LCS unit nav to FEb 28 = $17.10

Discount should evaporate towards the end of March as holders will have the option to exchange for NAV on April 29th. Obviously Bompton will do everything they can to bring stock price aligned with NAV to avoid massive redemption that would cut in their revenues.

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