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 @$19.08

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Post by mouserman on Sep 25, 2024 3:00pm

LCS unit nav in realtime @$19.08

LCS now showing a gain of over 9 cents since the update on thursday... and market does not seem to care... Low yield keeping LCS heavily discounted. Last sale @ $8.33 means a 75 cent discount for split fund common with over 4$ of safety. Even after distributions to commons are deducted the UNIT NAV still above 19$...

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Comment by Stoiklaugh on Sep 25, 2024 3:04pm

I agree tha tlow yield is an handicap in comparison with LBS LFE does not have the same safety but the yild is attractive to buyers...

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Comment by NoShoesNoShirt on Sep 25, 2024 3:44pm

Looks like people held it the last 3 weeks for the capital gains, and now sell it for a higher dividend elsewhere. I don't mind the 7.5 cent dividend considering that the nav is rising steadily by about 45 cents per month. April 15th it was 6.48.now 9.08.

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Brompton Lifeco Split Corp