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

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Post by mousermanon Aug 29, 2024 4:24pm

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Post# 36201859

LCS unit nav to AUg 29 = approx; $18.14

Spreadsheet showing a gain of about 40 cents since the thursday update. Lifeocs pulled back a bit the end of the day. GWO sellers took profits before the 56 cents is deducted off the share price tomorrow morning as it goes ex divvy. Last trade @ $7.67 did not reflect the gains today, and that is for sure.
Commons are valued @ $8.07.. here and the discount then is 40 cents or about 5 %.

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