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 > Now $15.93 lifecos doing better % wise than banks

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Comment by kurtwalteron May 16, 2023 1:44pm

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RE:RE:Now $15.93 lifecos doing better % wise than banks

LCS is highly volatile and failed to pay a dividend for many months in 2022. According to the Brompton site NAV on May 11 was 5.79, price today is 5.65, so discount is certainly not large. BK is pretty stable, may trade at a premium of 27%, but has hardly missed any dividend payments. So I have a large position in BK and a smaller position in LCS.

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