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 > Low liquidity/volume and low monthly distribution = discount

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Post by mouserman on Nov 10, 2023 12:14pm

Low liquidity/volume and low monthly distribution = discount

So the reasons for LCS 's discount, is also some of the reason for the gains LCS is making on many of the more populare split funds. FTN for instance, will be paying out about 61 cents per Q , once the higher dist for preferreds kick in , compared to LCS whose total payout to preferred and commons is only 38 cents Quarterly. that is over 60% higher than LCS . It adds up quickly in a down market.