Brompton Lifeco Split Corp T.LCS

Brompton updates weightings

[mouserman]

And it looks as tho some Covered calls were taken out, as suddenly GWO  is the biggest holding and MFC has moved down about 3% in weighting .  Showing over 44% in cash..
be an interesting udpate tomorrow.   The weightings are a lot more even now.. all of them within .5 % of NAV. IAG the lowest @ 24.5% and GOW the highest at 25%

[Toppicks1]

Kudos to you great trading and insight.. so what do you make of 44% cash. They must be thinking big correction. I'm in a different camp but we will see. 

[navgod]

the cash reflects the redemptions from the retractions available at the maturity extension. I am assume a large percenrage of the capital shares were retracted.

[mouserman]

Ah yes ,Navgod  thanks so much for contributing your knowledge to these boards. Always enlighteneing to me.. not sure what the net effect will be , but will find out tomorrow.

[mouserman]

How many days after retracting the shares do you have to wait until buying back in to LCS?

[kurtwalter]

""If you sell a stock for a loss and immediately repurchase it, this is called a “superficial loss” and you cannot use it to offset capital gains. The same is true if you sell the stock and an affiliated person – such as your spouse or a company controlled by you or your spouse – repurchases the same stock. For the capital loss to be allowed by the Canada Revenue Agency, you must wait

[kurtwalter]

The 44% in cash is offset by 43.7% "other net assets (liabiilties)" What are we talking about? On page s-8 of the April 30 prospectus cash and liaibilities were both at 1%. Does this have to do with the 75M issue each of preferred and capital shares?

[AnEducator]

The liabilities likely encapsulates the entire amount of cash that needs to be paid out to those who tendered their shares.