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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 Mar 16, 2023 10:01am
177 Views
Post# 35342200

LCS getting dumped no matter about discount

LCS getting dumped no matter about discountApparently the sellers dont care whether LCS is a better value than others, when its time to exit , just sell at market.
I have the NAV of the commons @ about $5.15 here... but the general direction of the financials is still down. ECB hiked rates another 50 points, so expect more contagion as the bond yield jumps because the value of the bonds continue to fall.  Many firms have millions tied up in treasuries and bonds, thinking those were safe.
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