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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

Comment by mousermanon Dec 09, 2024 3:49pm
98 Views
Post# 36353379

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

RE:LCS SPLIT 14 shares extra for each 100 you own or 14%Actually think the day the stock split  they will adjust the price to reflect the new shares if I am remembering how others were done. The value of what you held before the split will be the same, after the adjustment  BUT you will be getting added distribuions. If I have about 5000  shares it will turn into about  5,700 i believe   , and extra distributions cash would be around 500$ every month. So over time the split works out in your favor, IF you are long.  Of course capital losses could happen, and then it doesnt matter. Lower interest rates are not in LCS 's favor, and when they were near 0 it was tough times for lifecos and insurers. Luckily these 4 are more diversified and income is created from several parts of the globe. 
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