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.

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Brompton Lifeco Split Corp > Brompton updates weightings

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Comment by navgodon May 09, 2024 11:17am

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Post# 36031224

RE:RE:Brompton updates weightings

Toppicks1 wrote:
mouserman wrote: And it looks as tho some Covered calls were taken out, as suddenly GWO is the biggest holding and MFC has moved down about 3% in weighting . Showing over 44% in cash..
be an interesting udpate tomorrow. The weightings are a lot more even now.. all of them within .5 % of NAV. IAG the lowest @ 24.5% and GOW the highest at 25%

Kudos to you great trading and insight.. so what do you make of 44% cash. They must be thinking big correction. I'm in a different camp but we will see.

the cash reflects the redemptions from the retractions available at the maturity extension. I am assume a large percenrage of the capital shares were retracted.

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