Brompton Lifeco Split Corp T.LCS

Redemption Option end of April

[navgod]

Just treminding poeple that as part of the term extension on April 29th 2024 LCS holders wiil be able to recieve NAV as of April 29th if they give notice by March 29. This should provide nice support for the next couple of months.

[alder]

Thanks, navgod. Do you give notice by contacting your broker.

[navgod]

yes  Brompton's deadline is March 29 but your broker's deadline will be at least 2 bus days prior. GLTA

[Hulk27]

I'm not sure I want to do this, but if i DID... how do you do something like this on Questrade? Obviously if it's still a 5-6%+ discount to NAV come March 15, it seems like a smart idea to try and gain that value. Do you have to actually call them by phone?

[Eoj123]

I suspect, but may be wrong, you would have to redeem equal number of common and preferred shares.

[chessplayer]

No, every five years you can redeem the prefs or the capital shares independently from one another.

[AnEducator]

Some brokers require you to fill out a tender form while others only require a simple phone call. You should call Questrade and tell them you want to tender all your shares into the Special Retraction Privilege. They will let you know if you need to fill out a form which they would email you. The bank brokerages are the easiest to deal with since you simply tell them over the phone and nothing

[mouserman]

Nice , thanx for the reminder, nothing like adding more fuel to the fire... LCS unit nav in realtime today now @ $17.22, and lifecos doing really well going into Q  and yearend earnings reports.