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 up a few pennies today

View:

Post by mouserman on Jun 09, 2023 12:39pm

LCS up a few pennies today

So since the update yesterday, LCS has gained a few cents , mostly on the move up in their biggest holding , IAG . So after distributions to commons the UNIT NAV would be about $16.17...
LCS trading up closer to its NAV, as it should. Lifecos are out performing the CAD banks again today...

124

Comment

Comment by JohnWalker on Jun 09, 2023 12:52pm

There is quite a wall for sale between $5.95 and $6.00. Do you think that will melt if NAV continues to increase next week, or will it be necessary to chew through them?

Comment

Comment by mouserman on Jun 09, 2023 3:47pm

Not sure how long it will take before the market gives LCS a small premium, or even allows it to trade at par...so far always seem to be sellers willing to dump shares at a discount to NAV.... dont ask me why because not one of the answers i have been given make any sense. Yield is still above 15%, , lifecos have been the strongest part of the holdings in LBS for instance, yet ...more

Comment

Brompton Lifeco Split Corp