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 to Nov 1 @$15.12 before dist.

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Post by mouserman on Nov 01, 2023 4:44pm

LCS unit nav to Nov 1 @$15.12 before dist.

After the distribution to commons and Q distributions to preferreds , the UNIT NAV would be $14.89
So its a long way away to Nov 23 for the calculation date of the UNIT NAV...and we know anything can happen in the next 3 weeks. So many factors affecting the markets, Canada in a recession, wars ongoing, tax loss selling and next weeks earnings for the lifecos are on tap.

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Comment by Experienced on Nov 01, 2023 7:21pm

we do get divies later this month so we will see fingers crossed

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Comment by mouserman on Nov 02, 2023 8:43am

Actually all the lifecos ex divvy dates will be after the calculation date for paying to commons. The big 4 CAD lifecos will all pay dividends to shareholders in DECEMBER.

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Comment by Experienced on Nov 02, 2023 9:35am

Yep mouserman....that's what I was trying to say. So if can get to a divy for this month then the lifeco divies will provide a bit of a cushion for December

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