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 > LCS SPLIT 14 shares extra for each 100 you own or 14%

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Comment by mousermanon Dec 09, 2024 3:42pm

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Post# 36353352

RE:RE:RE:LCS SPLIT 14 shares extra for each 100 you own or 14%

Normal circumstances they would just issue a special dividend, out of the cash they have made from capital gains. But the problem they are hearing from investors , is the liquidity in the trading of the stock. It is very small volumes on most days and more shares out will add some liquidity. I think LCS needs to double the volumes to stir up more interest. So giving extra shares as a dividend will actually add up to more money over time than a 1 time special dividend, unless it was huge.

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