Brompton Lifeco Split Corp A 2007-29.04.24

Brompton Lifeco Split Corp A 2007-29.04.24

10.89
CAD
+0.03
(+0.28%)
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Capital Structure

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Working Capital

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Growth Rates

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Semi-annual Revenue

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Semi-annual Earnings Per Share

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Semi-annual Dividends Per Share

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Company Description

CEO
Mark Anthony Caranci
Sector
Miscellaneous
Industry
Investment trusts
Address
Bay Wellington Tower Toronto ON Canada M5J 2T3
IPO Date
Apr 18, 2007
Business
Brompton Lifeco Split Corp. (LCS.TO) is a mutual fund corporation that invests primarily in LifeCo, a leading Canadian life insurance company focused on individual and group insurance products, asset management services, and retirement savings plans. The company offers two classes of shares to investors: Class A shares, which provide enhanced yield through return of capital and/or leveraged investment in LifeCo common shares; and Preferred shares, which entitle holders to fixed cumulative monthly dividends of $0.10 per share, payable quarterly if declared, with priority repayment of original issue price upon wind-up or termination. Brompton Lifeco Split Corp. was established in 2023 and is managed by Brompton Funds Limited, with its headquarters in Toronto, Ontario; it operates exclusively in Canada targeting income-focused investors seeking exposure to the insurance sector. Recent developments include the fund's launch in May 2023, achieving full deployment of its approximately $115 million equity offering into LifeCo common shares by October 2023, and ongoing monthly distributions to Class A shareholders reflecting strong underlying performance from LifeCo's operations in individual insurance, group benefits, and investment management segments.

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