Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.PR.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, and the opportunity for growth in Net Asset Value per share. To achieve these objectives, the Fund invests in a common share portfolio of the following Canadian life insurance companies on an equally weighted basis at the time of investment and any subsequent rebalancing.

TSX:LCS - Post by User

Brompton Lifeco Split Corp

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Post by navgodon Nov 13, 2016 5:29am

297 Views

Post# 25454155

Undervalued

Despite the big jump on Friday LCS is still undervalued -- trading 2% below unit NAV / 6% below capital share NAV. Most dividend paying closed end capital shares trade above NAV usually 10%+.
I assume longer term holders see new highs and are cashing out while arb players are providing the bid.

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