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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

Brompton Lifeco Split Corp > Holdings continue to rebound
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Comment by mousermanon Mar 30, 2023 1:05am
142 Views
Post# 35368437

RE:RE:RE:Holdings continue to rebound

RE:RE:RE:Holdings continue to reboundYes for sure less paid out per month to commons, (and preferreds when compared to FFN, FTN and BK) , and that actually makes it easier for LCS to maintain paying to commons. Right now i do believe the highest yield of the paying split fund commons belongs to LCs at nearly 18%. And discounted to NAV, which today would be $5.35 before distributions , so 7.5 cents come off tomorrow, and then the value of commons owuld be $5.27 or so.
UNIT NAV is now about $15.35 ...to March 29
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