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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

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > LCS unit nav in realtime @ $16.16
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Post by mouserman on Jul 13, 2023 12:19pm

LCS unit nav in realtime @ $16.16

I have a gain of about 7 cents now since the update last thursday.  LCS contionues to trade right around NAV.. the only paying split fund common with that kind of value. ALL others  ( even some not paying ) are trading at premiums,
Comment by EricDividends on Jul 13, 2023 1:10pm
Not totally accurate. PWI is still selling at a discount to NAV at 6.35 with a NAV of 6.43 Plus Brompton updates the NAV of PWI daily so you really don't need to track it much
Comment by EricDividends on Jul 13, 2023 1:12pm
Split Share Class A Share Investments | Brompton Funds (bromptongroup.com)
Comment by mouserman on Jul 13, 2023 4:38pm
Hmm cant say i have followed that one, but very strange that it is THE ONLY split fund  from Brompton that calculates the NAV daily.  It does seem to be trading very close to NAV, but yield is of course lower, and it doesnt look as tho it is locked in... will have to read the prospectus..
Comment by EricDividends on Jul 14, 2023 10:17am
Would love to hear your thoughts on PWI. Brompton also has OSP which it shows the NAV daily but that is so far out of the money, I would never buy it. Discount is growing on PWI with the NAV at 6.51 and the shares selling at 6.30
Comment by mouserman on Jul 14, 2023 10:23am
Not a real big fan of the holdings....but certainly the value is good as far as the Level of the NAV. Still havent got to reading the prospectus to see how the payout is determined...
Comment by mouserman on Jul 14, 2023 10:28am
Last financing  was at $8.95  and was not quite a year ago. NOT many shares out in this fund. Has fallen a  lot in that time. BUT that made the yield better.   Sustainable Power completes $9.7M treasury offering   2022-08-17 14:26 ET - News Release   An anonymous director reports SUSTAINABLE POWER & INFRASTRUCTURE SPLIT CORP. COMPLETES TREASURY ...more