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 > LCS unit NAV to MAY 12 =approx: $15.78

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Post by mousermanon May 12, 2023 4:25pm

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Post# 35446252

LCS unit NAV to MAY 12 =approx: $15.78

So lost about 3 cents today, as MFC gave some back...not sure on what the negative is there.
The other 3 lifecos were up marginally.
Last trade @ $5.55 leaves the premium at only 22 cents, big improvement over the 30cent + we have been seeing. Normally Brompton uses the second last thursday of the month to calcualte the NAVS, but this month they could cheat by one day, and use the 25 th....with 31 days in the month. There is a holiday in there on the 22nd , so they may just do that.., but i think more likely the 18th will be the day they use.

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