Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.PR.A

Financial Services Asset Management

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.

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Brompton Lifeco Split Corp > LCS getting dumped no matter about discount

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Comment by mousermanon Mar 16, 2023 10:43am

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Post# 35342352

RE:RE:LCS getting dumped no matter about discount

Not feeling nearly as bullish about LCS chances at staying above 15$ until next
Right now the UNIT NAV is about $15.18, but that is only about a 10 cushion for paying to commons.
What is amazing is watching FFN , DGS , DFN and others sporting huge premiums and hardly selling down at all. I would imagine DFN is approaching the 15$ mark today and may drop below. Quadravest usually uses the 15th so DFN will squeak in for another dist. BUT THE PREMIUM IS LIKE 45%.

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