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Bullboard - Stock Discussion Forum Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s):  T.LCS.PR.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... see more

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS realtime UNIT NAV @ 15.73 today.
View:
Post by mouserman on Jan 24, 2023 1:21pm

LCS realtime UNIT NAV @ 15.73 today.

So trading at about a 30 cent discount still, with only a few days left until the ex divvy date.
Yield with the price @5.42 is 16.6%... which is better than BK , which at the latest price, is under 15% as the distributions are based on the trading price in the last 3 days of the preceding month.
BK has one of the biggest safety margins, so gets a pretty decent premium getting up close to 30%.
Comment by slst on Jan 24, 2023 1:47pm
Seems quite odd to have such a mispriced split.  Am worried that they have not anounced yet. Still got some more today.  Hard to resist a bargain. 
Comment by slst on Jan 25, 2023 12:26pm
Even with reinstating the dividend LCS is still trading at a discount to NAV?  Bought a little more.  Am I missing something?
Brompton Lifeco Split Corp
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