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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 > Brompton reports LCS unit nav @$15.68
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Comment by integrity11on Sep 04, 2023 5:02pm
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Post# 35619026

RE:Brompton reports LCS unit nav @$15.68

RE:Brompton reports LCS unit nav @$15.68I am not familiar with split funds. I see most on this board refer to the NAV of the fund which seems to be around $15.65 (according to posts)   And yet the actual trading price is around $5.70.

So why is the trading value so
much less than the NAV for LCS. Is this because the fund manager is not highly regarded? Or is it because the fund has high supply and low demand? Can hedge funds/shorters bet against these types of funds and thus affect their trading value?
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