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 > Brompton reports UNIT NAV @ $15.81 to MAy 11

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Comment by EricDividendson May 12, 2023 10:40am

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RE:Brompton reports UNIT NAV @ $15.81 to MAy 11

I had to check Lol, the date sure is creeping up fast, I don't think they will actually announce until the 24th but they will use the NAV date from the week before,

Distributions for Class A shares are determined using the last available Unit NAV on the sixth-last business day of the month. For certain funds, the NAV is published daily, while NAV is published weekly for others (like LCS & SBC).

If the distribution is suspended, the full amount of that cash distribution instead remains invested in the portfolio, contributing to the value and growth potential of Class A shares.

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