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 in realtime @ $18.70

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Post by mouserman on Sep 16, 2024 3:12pm

LCS unit nav in realtime @ $18.70

I guess the sellers figure there has to be a pullback soon... Last sale @ $8.09 leaves the discount at 61 cents or about 7 %... nice capital gains the past month tho, even tho volume is light. Hard to buy a lot without pushing the price up. Brompton needs to have an ATM for these illiquid ones, and issue shares from the treasury.

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Comment by navgod on Sep 17, 2024 4:00am

As long as LCS/LCS.pr.a trades at a discount to unit NAV issuing shares from treasury would not be allowed. Perhaps an increase in distribution to 10 cents would help. GLTA

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Comment by chessplayer on Sep 17, 2024 7:50am

Buying back shares would also do the trick to get the stock price closer to nav. But why would they do that as it would only reduce their compensation.

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