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 > LCS realtime UNIT NAV @ $15.81

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Comment by mousermanon May 11, 2023 1:12pm

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Post# 35443549

RE:RE:LCS realtime UNIT NAV @ $15.81

Hulk27 wrote: Um, I'm a bit of a noob with these split shares - but I bought some LCS, so I need to learn. :)

When you say Unit NAV is $15.81 - is exactly $10.00 the value of the Preferred Share? Or does that also fluctuate?

I know the market price of the Preferred Share does fluctuate a bit, but in your NAV calculation - I was just curious if it stays locked in at $10.

Thanks muchly!

When Brompton AND Quadravest do their calculations for UNIT NAV , the preferreds are always at 10$ value, no matter where they are trading. Most of the preferred shares have the condition that you can redeem the preferreds for 10$, no matter where and when you acquired them, or what the preferreds are trading at when the fund extension date comes.

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