Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s): T.LCS.PR.A

Financial Services Asset Management

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 unit nav to AUG 18 = approx: $15.62

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Post by mousermanon Aug 17, 2023 4:07pm

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Post# 35593658

LCS unit nav to AUG 18 = approx: $15.62

So the spreadsheet now showing a loss of 50 cents since the update a week ago.
Quite obvious all the financials are getting thrashed on the downgrade of the US banking system. WIll see what happens in the weeks to come. I have now acquired a small position after sellling out completely at about $6.10 average.... Still collected a nice lump of distributions .... from LCS. Will see the update tomorrow, and find out if LCS has gone to more cash, or changed up the weightings.

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