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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 > Some dummies actually shortsold LCS late November
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Post by mouserman on Dec 11, 2023 2:54pm

Some dummies actually shortsold LCS late November

Why would you short a heavily discounted split fund common that is TRADING AT A DISCOUNT?
 I guess you must like paying a distributions on top of being underwater on the short.. 
I suspect anon covering today was from that move.
Short Positions for LCS
Symbol Report Date Volume Change Shares Issued % Float
T : LCS 2023-11-30 16,702 7,262 8,158,615 0.20
T : LCS 2023-11-15 9,440 -1,203 8,158,615 0.12
T : LCS 2023-10-31 10,643 -10,548 8,158,615 0.13
T : LCS 2023-10-15 21,191 18,623 8,158,615 0.26
T : LCS 2023-09-30 2,568 -4,211 8,158,615 0.03
T : LCS 2023-09-15 6,779 -7,452 8,158,615 0.08
Comment by mouserman on Dec 11, 2023 2:57pm
OOps meant to say why short a PAYING split fund common that is at a big discount to its TRUE value. ANON the biggest buyer today... House Positions for C:LCS from 20231211 to 20231211 House Bought $Val Ave Sold $Val Ave Net $Net 1 Anonymous 20,872 135,308 6 ...more  
Brompton Lifeco Split Corp
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