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.

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Brompton Lifeco Split Corp > Couldn't Resist

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Comment by mousermanon Oct 04, 2023 8:46am

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Post# 35668563

RE:RE:RE:Couldn't Resist

I am down to only 1000 shares left .... I still believe lifecos have better leverage in high interest rates, but seems the market has them boxed in with the banks. Very different businesses... as high credit card debt affects banks and not lifecos, underwater mortgage holders affect banks negatively n and not lifecos... and underwater treasury bonds are likely affecting banks at a much higher %.

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