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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

Post by mousermanon Feb 28, 2023 4:53pm
152 Views
Post# 35310898

SLF UNIT NAV to FEB 28th = $16.60 before distributions

SLF UNIT NAV to FEB 28th = $16.60 before distributionsSo amazing runup in the lifecos while the CAD Banking sector had a few  seriously bad Q and yearend reports. GS inthe US also big pullback.
After distributions to commons LCS commons have a value of $6.53 and the last trade at $6.13 still leaves it at a 40 cent discount.
LCS now over  $1.60 higher unit nav than DGS and still trading   only 16 cents higher.
No sense for me to sell this one at a discount, so still my biggest holding. Sometimes its hard to let your winners run, but "never say whoa in a horserace".
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