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

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TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > bigger volume today UNIT NAV now $16.16

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Post by mouserman on Apr 18, 2023 1:34pm

bigger volume today UNIT NAV now $16.16

So now showing a gain of 26 cents since last thursday... and seems stuck at a discount to NAV no matter how far above 15$ the UNIT NAV gets. Maybe ATS trades will close it strong again.

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Comment by Mmb060 on Apr 18, 2023 3:04pm

IMO, itss trading at discount has to be related to its lower distribution

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Comment by JohnWalker on Apr 18, 2023 3:18pm

Strangely, ATS volume compared to yesterday is almost non-existant today.

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Comment by mouserman on Apr 18, 2023 8:53pm

Yea for sure , one thing about the ATS , it is not a consistent volume on the TSX, but sure distorts the volumes shown on your bank brokerage. TSX level 2 om most regular borkerage accounts doesnt show ATS blocks on the bid and ask, so really can skew the market depth. FFN preferreds today looked like a normal day on the TSX at 77.6 K traded, but the real volume was over 196 K ...more

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Brompton Lifeco Split Corp