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 breaks back above 17$ UNIT NAV.

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Post by mouserman on Feb 06, 2024 1:58pm

LCS breaks back above 17$ UNIT NAV.

Spreadsheet showing a gain of over 20 cents since the update last thursday.
This is after paying the big quarterly distribution to preferreds on top of the 7.5 cents to commons. One of the reasons that LCS has outperformed the other financial split funds in the past year.
For instance FTN pays out over 60 cents a Quarter in distributions when its paying, LCS pays only 38.15 cents per Quarter.