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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 Apr 04, 2024 4:25pm
115 Views
Post# 35971292

LCS unit nav to April 4 = $17.02

LCS unit nav to April 4 = $17.02Spreadsheet showing a loss of 31 cents since the udpate March 28, and i believe sellers are throwing out one of the best values in the split fund space.  Nothing has changed as far as the fundamentals for theses  insurance stocks since the interest rates topped out last fall and stayed here.
It certainly has for the banks, who are setting aside reserves for defaulting loans.
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