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.

TSX:LCS - Post by User

Brompton Lifeco Split Corp > LCS unit Nav to April 24 = approx: $16.28

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Post by mousermanon Apr 24, 2023 4:17pm

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Post# 35411151

LCS unit Nav to April 24 = approx: $16.28

Spreadsheet showing a gain of 4 cents since Thursday update. After distributions of 23 cents the UNIT NAV would be $16.05, and so the commons @$6.05 value continue to trade at a discount, with over a a 15% yield at the close. Only split fund common i can recall trading at a discount with UNIT NAV well above $16$ and a yield that high.

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