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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Dec 13, 2023 5:45pm

144 Views

Post# 35783262

LCS unit nav to DEC 13 = approx: $17.12

Spreadsheet now showing a gain of about 36 cents since the update on thursday.
Last trade @ $6.62 means the discount is now 50 cents. OR ABOUT 7%!!!
I cannot recall a split fund common share with that much safety , trading at such a huge discount.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023