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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

Post by mousermanon May 02, 2023 4:24pm
135 Views
Post# 35426025

LCS unit nav to May 2 = approx: $16.27 after DISTRIBUTIONS

LCS unit nav to May 2 = approx: $16.27 after DISTRIBUTIONSSo LCS has lost less than 2 pennies since the update on thursday. Commons now have a value 
of $6.27 after distibutions are  paid out. Obviously sellers were more willing to unload than buyers wanting a bargain. Lifecos stood up really well today, compared to the banking sector.
Hard to understand why DFN only goes down 4 cents today, while dropping closer to the 15$ threshhold. DFN has lost 6 pennies in UNIT NAV since the mid month update, while LCS has gained over 60 cents..... LCS trades at a discount and DFN at a premium of about 30%. 



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