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 unut nav to March 24 = $15.15

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Comment by Splitfundingon Mar 25, 2023 1:23am

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RE:RE:LCS unut nav to March 24 = $15.15

I hate to burst people's bubble but LCS has only paid the divvy out in 24 of the last 50 months, that's less than 50% of the time. Meaning that 18% yield is really only 9%

With the incoming recession chances are it's going to be on and off for some time.

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