Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.PR.A

Financial Services Asset Management

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

Bullboard Posts

Post by rjb1954on Dec 08, 2019 11:38am

39 Views

Post# 30433547

Dividends

The NAV of LCS is going to get a boost from lifeco dividends in the second half of December. This will help keep LCS in distribution paying territory. I don't mind that the SP is trading at a discount to NAV as long as the 15% distribution is paid month after month.

Bullboard Posts

Crypto and blockchain stock ends year with a profit