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 unit nav in realtime = approx; $17

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Post by mouserman on Feb 21, 2024 11:51am

LCS unit nav in realtime = approx; $17

So LCS has lost a lot today, but the commons are NOT trading anywhere close to the value of 7$.
As usual sellers love to hammer the lifeco split funds..
IAG sell off looks over done to me, they have more capital safety than most ...

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Comment by Compypaul on Feb 21, 2024 12:01pm

Felt overdone to me too. I bought more this morning, with the expectation (perhaps "hope" is a better choice) that it will bounce back.

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Comment by mouserman on Feb 21, 2024 3:36pm

Well the fundamentals havent really changed , high interest rates = good for lifecos, not so good for banks. When lower interest rates change the trajectory of the lifeco space, split funds may change back to level, instead of blowing past the likes of DFN and others. A look at a one year chart should give most of investors the real story. After the fastest rate hikes in history, LCS ...more

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