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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

Post by ScarletSpideron May 29, 2024 12:29pm
107 Views
Post# 36062539

Looks Like This Will Bleed to High 5s Mid 6s Range

Looks Like This Will Bleed to High 5s Mid 6s RangeUnless it stops at $6.80. Not too happy about that but what are you going to do? It did jump quite sharply from $4.19 to 7s that caught my attention coupled by the divie which i thought would be enough of a deterrant to see the price go down like this. Guess i was clearly wrong. 

Now i will continue to debate about whether i add in pricrs of $6s probanly 6 even or less but not likely more on the basis of whether the divie will be sustained. If i feel it can be i see the payout that doesnt miss anything it is possible to buy in 7s although that is high if i am looking at a 1.5 sell strike point but if i bought another good chunk and get $100 plus a year in the divie i may not sell but the equity i would expect to toe the line above 6.50 because with full divie payout in what i hold i will be about 6 to 7 percent down. While not desirable i want to hold my loss on this at under 10 percent which gets threatened lower than 6.5 and if irregular payout. 

I will keep an eye and make my longer term strategy so far with seeing divie will payout properly i continue to hold and still look to add possibly after July although again i will see if i want to put more of a potential cushion with this or buy more pennies. I dont know but i would like to possibly round out to 100 shares but that still wont get me to $100 in annual divie providing it pays as desired. My goal will be looking at $140 to $180 possibly 200 a year divie but again i will need to see how things pay out and plan with and without divie in mind. Without will mean i need to sell at the very least at 1.5 times my pick up price.

Interesting stock and seeing how to manage it. Long term i like its potential but i am looking for shorter term secure monies to offset my overall losses and was hoping this wouldnt have added to them. No such luck so far...average $7.39 so not too happy but i did read to see what was said. If this keeos treading down it will become another buy consideration possibly among my primary choices.
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