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 discount shrinking fast

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Post by mouserman on Dec 12, 2024 11:02am

LCS discount shrinking fast

UNIT NAV now has lost about 48 cents since thursdays update. Tomorrow Brompton update should show UNIT NAV at around $20.67 , and with the last sale @ $10.25 the discount is only 42 cents .

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Comment by Stoiklaugh on Dec 12, 2024 11:38am

Maybe the upcoming split will help support the price... any thoughts?

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Comment by mouserman on Dec 12, 2024 4:18pm

Not really... it will provide more liquidity, but in reality the price is controlled by the 4 holdings in the fund. This stock split does not appear to have good timing..

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Brompton Lifeco Split Corp