Preferred Stock Channel
Brompton Lifeco Split Corp | Preferred Shares (LCS.PRA.CA)

Prospectus excerpt:  This prospectus qualifies the issuance of Preferred Shares and Class A Shares of Brompton Lifeco Split Corp. (the ‘‘Company’’). The Preferred Shares and the Class A Shares are offered separately but will be issued only on the basis that an equal number of each class of shares will be issued and outstanding.

The Company has been created to provide investors with a diversified investment in the four largest publicly traded Canadian life insurance companies utilizing a split share structure on a low cost basis. These Canadian life insurance companies have significant international operations in Canada, the United States, Europe, Asia and in emerging markets. These Canadian life insurance companies also have a history of strong earnings growth, which has resulted in increased dividend rates and capital appreciation. Class A Shareholders will receive the benefits of high monthly cash distributions, the potential for capital appreciation and low management fees through an equally-weighted leveraged investment in the Canadian life insurance companies. Preferred Shareholders will receive attractive quarterly distributions supported by the high quality of the underlying assets. The Preferred Shares have been provisionally rated Pfd-2 (low) by Dominion Bond Rating Service Limited.

Full Prospectus PDF », LCS.CA Page »

Series:A
Alternate symbology:LCS-A.CA, LCS-PA.CA, LCSprA.CA
Redeemable?:Yes
Call Date:4/30/2014 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8000000
Overallotment:1200000
Liquidation Preference:$10
Recent Market Price:$10.11
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.11 (1.10%)
Annualized Dividend:0.625
Recent Ex-Date:1/30/2024
Current Yield:6.18%
Original Coupon:6.00%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn LCS.PRA.CA's Rating
Brompton Lifeco Split Corp. is a mutual fund corporation. Co.'s investment objectives are to provide holders of preferred shares with fixed, cumulative preferential quarterly cash distributions in the amount of C$0.13125 per share and to return the original issue price to holders of the shares on Apr. 30, 2014; and to provide holders of class A shares with regular monthly cash distributions targeted to be C$0.075 per share and to provide holders with the opportunity for growth in net asset value per share. As of Dec 31 2010, Co. had total assets amounted to C$29,456,512 and total investment portfolio amounted to C$29,066,929.

Preferred: LCS.PRA.CA


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Name:  Brompton Lifeco Split Corp
Website:  www.bromptongroup.com
Sector:  Investment Companies & Venture Capital

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