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Bullboard - Stock Discussion Forum 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... see more

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > Why is this selling off?
View:
Post by Conister011 on Mar 04, 2022 11:02am

Why is this selling off?

NAV looks good and divy looks safe, am I missing something?
Comment by Compypaul on Mar 04, 2022 2:49pm
I feel the same way. Picked some up in the 6.40 range as it seems safe and reliable, right now. Both Manulife and GWL are down somewhat today so that might explain some of it.
Comment by slst on Mar 05, 2022 12:38pm
With the flight to safety, Bonds prices have been going up and their yields down. The market pays more attention to the yeild for Insurers and Banks.  So that sector has been weakening lately. I am under water on this one.  With inflation, and Central Banks raising rates, the yeilds should firm up at some point.  I hope.  In the mean time, we have nice monthly distribution ...more  
Comment by Conister011 on Mar 07, 2022 9:55am
Thanks for your thoughts, I feel the same way but it looks like the market wants to tank.  I sold last week and will wait to re enter.
Brompton Lifeco Split Corp