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.

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Brompton Lifeco Split Corp

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Post by mousermanon Mar 20, 2023 5:02pm

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Post# 35349859

LCS unit nav to March 20 = approx $15.20

So now showing a loss of 19 cents since the Update to thursday, the 16 th of MArch. So commons now have a value of $5.20 before distributions to commons of .075
After distributions it would still be about $5.12 , so a bit of safety here now. My only fear is that on wednesday FED may hike rates again, which may make a few more shaky banks show signs of troubles. I do note that the 4 CAD Lifecos all went up, while the CAD banks had 3 of the 6 in green numbers today.

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