Brompton Lifeco Split Corp A 2007-29.04.24

Brompton Lifeco Split Corp A 2007-29.04.24

10.88
CAD
0.00
(0.00%)
Brompton Lifeco Split Corp A 2007-29.04.24
TSX:LCS.PR.A
(Toronto Stock Exchange)

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Semi-annual Dividends Per Share

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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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