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 22, 2023 4:17pm

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Post# 35749096

LCS UNIT NAV on Nov 22@ $16.53 now passed FTN

Well that happened a lot faster than i imagined. Thought FTN's big distributions payout would be the difference, but LCS passed just on the strength of the LifeCos gains in the past 4 sessions. UNIT NAV has now gained over 34 cents since thursday update. DISCOUNT now at 33 cents with the last sale at $6.20. Starting next week will give updates including the effect of distributions to commons and prorated preferreds.

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