Brompton Lifeco Split Corp T.LCS

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

Financial Services Asset Management

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

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Post by mousermanon May 31, 2024 11:51am

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Post# 36066396

LCS unit nav to May 30 reported by Brompton @ $16.93

So a pullback in the lifecos in the late part of MAY after a big jump on reports in early MAy.
MAY 1 st MFC was at $32.43 , collected a dividend 40 cents which adds the gains since that time.
Would be up nearly 10% from that date... not surprised to see some profittaking. Its not like the reports were all bad for the lifecos.. SLF had actual losses since MAY 1 , and Q report caused a selloff.
GWO would be up slightly since MAY 1 and IAG had a nice gain of about 5% since MAY 1.. At any rate financial sector seems to be seeing more selling today and it is ex divvy date for the split funds .

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@ the Bell: TSX advances to start off Christmas trading week