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 Jan 17 = approx: $16.45

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Post by mousermanon Jan 17, 2024 6:01pm

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Post# 35832398

LCS unit nav to Jan 17 = approx: $16.45

So spreadsheet showing a loss of 22 cents since the last update. Last trade was @ $6.14 today, and was much lower earlier in the day. Discount is about 31 cents here, and annual yield today would be 14.65%.
- apparently much too low to be considered a good distribution . This one will make it 13 consecutive distributions.

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