Brompton Lifeco Split Corp T.LCS

LCS unit NAV to July 24 =$16.66

[mouserman]

So backed off end of day to settle @$16.66 unit nav. After distributions the NAV of the commons would be $4.40. Almost trading right at NAV...

[Hulk27]

I'm curious, how do you know which day you need to be owning the commons to receive the distribution? If I look on the fund page is shows Record Date: July 31, 2023 -- Payment Date: Aug 15, 2023. Does that mean you need to be owning them at the end of business July 31? or is it some different date?

[EdPaquette]

If you sell on exdiv day, you still get the dividends.   Thats the day before date of record.  But LCS has been rising nicely,  so maybe let this winner run.

[alder]

I think you have to sell the day before the X-div date to get the div. Ie that's why it's called X Alder

[mouserman]

It is exactly opposite to that... x dividend date is the date if buying  that you WOULD NOT get the distribution for that month.

[EricDividends]

You need to have possession of the shares on the opening on the record date. In other words, they need to be bought at the latest on the Ex-Dividend Date, which is the business day before the record date. Still I would purchase them a couple days before the Ex-Div date, just to be sure I actually have possession 

[EdPaquette]

Don't muddy the water if you don't know.  To get the div, you need to buy the day before exdivvy. That's entirely separate from what I said about when to sell and keep the dividends.