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 > LCS unit nav to Dec 01= approx; $16.63

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Comment by mousermanon Dec 03, 2023 12:50pm

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Post# 35765897

RE:RE:LCS unit nav to Dec 01= approx; $16.63

I think it has been right at NAV few times as far as the common shares are concerned after distributions ar factored in. It may have even been at a slight premium for a few days, but never seems to last. Low monthly payout and low liquidity are the most quoted reasons for not wanting to invest in LCS. It has however been a great stock for capital appreciation going back about 18 months.

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