Brompton Lifeco Split Corp T.LCS

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

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 24, 2023 12:56pm

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Post# 35751789

Took some profits in LBS and added some LCS into the mix...

Just cant help thinking that eventually LCS will get some valuation that it is at least close to the NAV . Seems many dont believe LCS will continue to leave the others behind when it comes to capital gains as well, one of the benefits of having a lower payout. And nearly a 15% Yield is nothing to sneeze at ...

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