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 > Something up at IAG

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Comment by mousermanon Apr 27, 2023 2:26pm

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Post# 35417608

RE:RE:Something up at IAG

We ll so far today, LCS price is moving away from a premium and into a deeper discount. The buying across the board on the lifecos today is incredibly robust.
IAG now up 3.3%, MFC up 2.1%, SLF up 1.52 % and GWO also up 1.34%. So indeed it probably isnt anything specific to IAG. Last sale at 5.97 on the commons means the discount is now over 30 cents on the commons. My spreadsheet has the UNIT NAV @ $16.31 AFTER distributions are paid out.
So commons with a value of $6.31 here.

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