Brompton Lifeco Split Corp T.LCS

LCS unit nav to Feb 21 = approx; $17.03

[mouserman]

Spreadsheet showing a loss of 34 cents since the update on FEB 15. LCS trades at a discount to its real value of $7.03 before dist. are figured in. ALL 4 lifecos will be going ex divvy at the end of FEB,  and they are considerable dividends.  LCS collects those...
Last trade @ $6.78 means the discount is apporx 25 cents. or about 3 % or so..

[Hulk27]

Interesting that the discount for LCS has slowly shrunk to around 3-4% in the last week or two, after it was 5-7% for most of the months prior.

[chessplayer]

Not really surprising. In about a month, you will have the option to force redemption of your shares for NAV as of April 29. That should provide short term support. 

[Hulk27]

Do you know how you do this on a trading platform like Questrade? Would seem pretty logical to take that option if it was still discounted at the end of March and then buy back in May if you wanted.

[chessplayer]

I don't about Questrade but on Investorline, I receive a warning and then just have to call to exercise the option. The only challenge with this, is that you cannot trade for a month and then can only expect to have your money back in mid May. So if you want to protect your position, you have to either use options or buy a similar split fund such as lfe. Probably not worth it for retail guys