Bullboard - Stock Discussion Forum 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... see more

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TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS unit nav in realtime @ $15

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Post by mouserman on Oct 26, 2023 10:32am

LCS unit nav in realtime @ $15

So appears LCS has gained enough to get back to the 15$ mark, and so with about 3 weeks to go until thenext calculation date, could be a chance they keep paying. This next month they need the UNIT NAV @ $15.08 to pay...

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Comment by kurtwalter on Oct 26, 2023 11:30am

Portfolio up about 0.5 % as of 11.30, all four components rising.

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Comment by Experienced on Oct 26, 2023 11:13pm

To get there, it would involve a retracement of about half the decline in the SP of the lifecos since the beginning of September which is not totally unrealistic. But even if they miss, and LCS doesn't pay in November but is reasoanbly close, they get a whack of dividends from the lifecos in December. which will help a lot.

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Brompton Lifeco Split Corp