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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

Post by mousermanon Nov 24, 2023 4:23pm
161 Views
Post# 35752197

LCS unit nav to Nov 24 = approx: $16.59

LCS unit nav to Nov 24 = approx: $16.59So looking like a gain of about 4 cents since yesterdays update.  Commons started to get some buying today, altho the lifecos did back off a touch near the days end.
After distributions and prorated preferreds get  taken off , the commons have a value of about 6.47 i believe. Discount would be 12 cents after distributions are taken into account.
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