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 > Redemption Option end of April

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Post by navgodon Feb 07, 2024 1:04pm

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Post# 35867853

Redemption Option end of April

Just treminding poeple that as part of the term extension on April 29th 2024 LCS holders wiil be able to recieve NAV as of April 29th if they give notice by March 29. This should provide nice support for the next couple of months.

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Brompton Lifeco Split Corp T.LCS

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

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TSX:LCS - Post by User

Redemption Option end of April