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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

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Post by Toppicks1 on Jan 17, 2024 10:46am

No support

Once again it is no surprise. glad I sold this in the 6.35 40 area as holding this for a 7.5 cent dividend makes very little sense. There is gaps at 5.00 and 4.40. Not sure either will fill. The market makers that control this fund may take retail for a bigger dip in which could lead to a buying opportunity for a capital gain. I wouldn't touch this if your looking for divi income.
Comment by mouserman on Jan 17, 2024 1:18pm
yeah and that discount to NAV is a terrible thing to have...