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

Add To Watchlist

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS unit Nav to April 24 = approx: $16.28

View:

Post by mouserman on Apr 24, 2023 4:17pm

LCS unit Nav to April 24 = approx: $16.28

Spreadsheet showing a gain of 4 cents since Thursday update. After distributions of 23 cents the UNIT NAV would be $16.05, and so the commons @$6.05 value continue to trade at a discount, with over a a 15% yield at the close. Only split fund common i can recall trading at a discount with UNIT NAV well above $16$ and a yield that high.

182

Comment

Comment by slst on Apr 24, 2023 7:15pm

Thanks for the update.....got some more with both my tax refund and swapping from others. As always, thanks for the updates and just as helpful, your commentary. This is now my largest holding. Blue chip insurance companies, benefiting from higher interest rates and regularly raising their dividends......

Comment

Brompton Lifeco Split Corp