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 > Brompton reports LCS unit nav @$15.68

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Post by mouserman on Sep 01, 2023 9:49am

Brompton reports LCS unit nav @$15.68

SO spreadsheet was a penny high, and perhaps LCS has gone to a bit more cash.. after collecting the divvies.
No trading interest again today in this name to start the day.

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Comment by integrity11 on Sep 04, 2023 5:02pm

I am not familiar with split funds. I see most on this board refer to the NAV of the fund which seems to be around $15.65 (according to posts) And yet the actual trading price is around $5.70. So why is the trading value so much less than the NAV for LCS. Is this because the fund manager is not highly regarded? Or is it because the fund has high supply and low demand? Can hedge funds ...more

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Comment by EdPaquette on Sep 04, 2023 9:48pm

splits are closed end funds, and that's why nav is different from selling price. This one has a discount probably because it's record of paying has been spotty. Others are trading at undeserving premiums, even while not paying. Brompton website has primers on class a and preferreds. Yes people do short them.

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