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

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Post by mousermanon Nov 20, 2023 4:52pm

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Post# 35745271

LCS unit nav to NOV 20 = approx: $16.45

LCS on the move again, now up about 26 cents since thursday's update. No announcement from Brompton today, so I believe the 23rd will be the calculation date.
Last sale @ $6.12 means the discount is about about 33 cents , so getting bigger -- not smaller.
After prorated preferreds are factored in, LCS commons would have a value of about $6.41 before paying to commons. Discounted about 4.5% even with the preferreds value.

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