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 oldtrustguyon Dec 09, 2024 8:27pm

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Post# 36353863

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

I think you are right about adjusting the price to reflect the 14 shares added.
You will end up with a bigger distribution.
They will have to adjust the NAV of the total poftfolio as the 14%
more shares on the market.
Thats how I see it.

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