Bullboard - Stock Discussion Forum 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... see more

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TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS vs FFN and DGS

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Post by Donwaan on Feb 08, 2023 10:56am

LCS vs FFN and DGS

LCS has a higher NAV than either FFN and DGS and yet the LCS share price lags behind them both. Is this due to it's distribution history? Or has the market just not caught on yet?

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Comment by EdPaquette on Feb 08, 2023 11:15am

It's due to the 7.5 cents monthly vs 11 cents for FFN. There's no accounting for DGS except loyal dupe customers.

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Comment by Kadiddelhopper on Feb 08, 2023 2:03pm

FFN's Distribution history isn't stellar either, Having missed 10 Common distributions in 2020, and last year 2022 , 7 missed distributions.

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Comment by mouserman on Feb 08, 2023 3:11pm

Biggest difference is the yield, which is above 23% for FFN, and LCS only @ about 16.5%. Today LCS unit nav would be higher than FFN 's by about 20 cents. LCS is safer because it will only pay out 7.5 cents monthly in distributions for the next 2 months , while FFN pays out about 18 cents monthly. DGSis the most overvalued split fund common along with DFN, but at least DFN still has a ...more

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