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 unit nav to FEb 28 = $17.10

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Post by mouserman on Feb 28, 2024 4:35pm

LCS unit nav to FEb 28 = $17.10

LCS lost about 7 cents since thursday , After factoring in collected dividends from the 4 holdings.
Commons have a value of $7.10 and seems the market hates both the lifeco split funds... as they both trade at rather large discounts.

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Comment by chessplayer on Feb 29, 2024 8:52am

Discount should evaporate towards the end of March as holders will have the option to exchange for NAV on April 29th. Obviously Bompton will do everything they can to bring stock price aligned with NAV to avoid massive redemption that would cut in their revenues.

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Comment by Mmb060 on Mar 04, 2024 10:43pm

The mkt itself will ensure the proper discount, both before and after redemption date. Wouldnt you as an investor buy a stock if you were guaranteed a good return in a few days?

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