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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

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS UNIT NAV no change to NOV 29 = 16.41 after dist.
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Post by mouserman on Nov 29, 2023 4:10pm

LCS UNIT NAV no change to NOV 29 = 16.41 after dist.

So commons reamind with a value of $6.41 after commons dist. is accounted for.
DISCOUNT is now about 26 cents , or 4 %.
Yield at this level is 14.3%.
Comment by agoldbloom on Nov 30, 2023 8:23am
At what NAV does this stop paying out to class A shareholders?
Comment by NoShoesNoShirt on Nov 30, 2023 9:35am
With Brompton, the unit nav must remain above 15 after any payments. Quadravest lets it dip below 15.
Brompton Lifeco Split Corp