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 > LCS vs FFN and DGS

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Comment by mousermanon Feb 08, 2023 3:11pm

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Post# 35275284

RE:RE:LCS vs FFN and DGS

Biggest difference is the yield, which is above 23% for FFN, and LCS only @ about 16.5%. Today LCS unit nav would be higher than FFN 's by about 20 cents. LCS is safer because it will only pay out 7.5 cents monthly in distributions for the next 2 months , while FFN pays out about 18 cents monthly.
DGSis the most overvalued split fund common along with DFN, but at least DFN still has a buck safety.

Kadiddelhopper wrote: FFN's Distribution history isn't stellar either, Having missed 10 Common distributions in 2020, and last year 2022 , 7 missed distributions.

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