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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 > Brompton updates UNIT NAV for LCS @ $15.01 to dec 29
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Comment by mousermanon Dec 30, 2022 10:30am
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Post# 35196885

RE:RE:Brompton updates UNIT NAV for LCS @ $15.01 to dec 29

RE:RE:Brompton updates UNIT NAV for LCS @ $15.01 to dec 29
Not so sure about that. LCS will receive 72 cents per share in divs for SLF today, and another 49 cents per share dividend  for GWO. For both those holdings the payable date is the 30th of December . Cash position will be much higher today, since there are only 4 stocks in the fund.
EdPaquette wrote: Not quite there yet.  Nav has to stay above 15 as per Brompton.
mouserman wrote: SO was high by a penny on my spreadsheet, but basically LCS was above the threshhold yesterday for paying to commons.   Still a buy here imo , as there really are few trading at discounts that are in that zone around  15$ threshhold for UNIT NAV.




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