Brompton Group

 

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Investor-Friendly Split Share Primer: English / French

Sector Update with Laura Lau (Apr. 7, 2014): listen now

Portfolio Manager Commentary (Apr. 2014): read now

Portfolio

  • Equal weight portfolio of Canada’s four largest publicly-listed life insurance companies
  • Selective use of covered calls to enhance returns

Split Share Structure
Preferred Shares:

  • Quarterly distributions of $0.14375 per share (primarily dividends)

Class A Shares:

  • Monthly distributions of $0.075 per Class A share - provided that net asset value per unit, each unit consists of one Class A and one Preferred share, is in excess of $15.00 (primarily return of capital)
  • Opportunity for capital appreciation

Low Fees
Management fee of 0.60% of net assets per annum

Experienced Manager/Options Advisor
Managed by Brompton Funds Limited, an investment fund manager since 2002.

Liquidity
TSX listing
Retraction rights

Symbol(s)

Class A : LCS
Preferred : LCS.PR.A

NAV (Dec 18, 2014)

Class A : $6.25
Preferred : $10.07

Distribution

Class A (monthly) : $0.07500
Preferred (quarterly) : $0.14375

Distribution Annualized

Class A : $0.90000
Preferred : $0.575

Closing Price

Class A : $6.84 (Dec 19, 2014)
Preferred : $10.19 (Dec 19, 2014)

Current Yield

Class A : 13.20%
Preferred : 5.60%

Total Assets (Nov 30, 2014)

$96 million

Portfolio Summary
Investor Brochure