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

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Post by mousermanon Apr 27, 2023 4:10pm

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Post# 35417893

LCS unit NAV to Apr 27 = approx: $16.52 before distribution

SO given that today was ex dividend date, i would imagein Brompton should take that into consideration and we will probably see the UNIT NAV posted at about $16.28 or so
Commons would have a value of about $6.28 then after all distributions are paid.
Last sale was @ $6.05 so common shares of LCS trading at about a 23 cents discount.
Yield annually has now dipped under 15% if you were buying at the close.

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