GURUFOCUS.COM » STOCK LIST » Canada » TSX » Brompton Lifeco Split Corp (TSX:LCS) » Definitions » Investments And Advances
Switch to:

Brompton Lifeco Split (TSX:LCS) Investments And Advances

View and export this data going back to 2007. Start your Free Trial

Investments And Advances does not apply to banks and insurance companies.

Brompton Lifeco Split (TSX:LCS) Business Description

Brompton Lifeco Split logo
Traded in Other Exchanges
181 Bay Street, Bay Wellington Tower, Suite 2930, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of major publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted to be $0.075 per share and the opportunity for growth in Net Asset Value per share.