It’s hard to believe that this will be Brompton’s 4th split in a matter of 14 months. My accumulated shares and increase in distributions will be approx 58.7% or a YOC of 21% by just holding the asset. This will be a 12% share increase or 12 shares for every 100 (28/25) owned for Class A share holders. The split will be at the end of regular trading session on Nov 11th 2026. The NAV will be adjusted to the additional shares and trade the following day on Nov 12th 2026. I pinned the announcement to this post as well as my position below! Congratulations to all $LBS holders for a 4th time 👏👏👏🎉🚀 https://ca.finance.yahoo.com/news/life-banc-split-corp-announces-210900131.html
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14 Comments
Bert
@simple_acre_homestead · 3d
💥 BOOM. SBC also splitting
Kyle T@kyletfreedom58 · 3d
🤑👌🤔 Hmmm, maybe *that's* what I will buy when distributions roll in on November 6th 😁
Braydan
@braydan · 2d
Can you explain why splits are celebrated? Is it not just the same value spread over more shares
Mario FF@sabinusbrutus · 2d
Interesting stock. Considering that you need the income in retirement, you don't want a crash of more than 34%, hypothetically speaking, when the distributions will stop completely (NAV less than 15$ =10$ (fixed for preferred shares) +5$ (class A) like it happened in 2019 for 2 months or 2020 for 7-8 months. I can't rely on this kind of stock knowing it doesn't pay at all in a crisis when I really need the income.
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