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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

Comment by mousermanon Jan 06, 2023 12:20pm
100 Views
Post# 35207132

RE:RE:A mystery

RE:RE:A mysteryDGS is getting some buying as many have fallen in love with the stock, and wont sell to buy a better deal ( like LCS was @ $4.20 to $4.40 range)  . The UNIT NAV for DGS is rebounding today, but not nearly enough to gain the 15$ threshhold again.
LCS in realtime here , the UNIT NAV is about $15.29.
People dont realize how fast the gains are for LCS when all 4 holdings are up. IAG for instance is about $ 4.15 value out of the UNIT NAV. If it has a  1% rise that equates to a gain of 4 cents on the commons..
Compypaul wrote:
Donwaan wrote: How is it that LCS with a NAV of 5.11 is trading a full dollar below DGS with a NAV of 4.62? This does not compute!

No rhyme or reason to this. It may be, in part, because DGS has already been paying distributions, sporadically, while LCS hasn't paid in quite a while. Share prices do seem to be moving closer to each other recently though. 
 

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