{"id":32407,"date":"2016-02-15T13:48:45","date_gmt":"2016-02-15T18:48:45","guid":{"rendered":"http:\/\/prefblog.com\/?p=32407"},"modified":"2016-02-15T13:48:45","modified_gmt":"2016-02-15T18:48:45","slug":"lbs-pr-a-semi-annual-report-15h1","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32407","title":{"rendered":"LBS.PR.A: Semi-Annual Report 15H1"},"content":{"rendered":"<p>Brompton Life &#038; Banc Split Corp. has released its <a href=\"http:\/\/www.bromptongroup.com\/static\/pdf\/funds\/lbs\/lbs_2015_interim.pdf\">Semi-Annual Report to June 30, 2015<\/a>.<\/p>\n<p>Figures of interest are:<\/p>\n<p>MER: &#8220;The MER per unit, excluding Preferred share distributions (which were covered by the portfolio\u2019s dividend income), was 0.96% for the six months ended June 30, 2015 compared to 0.95% in 2014.&#8221;<\/p>\n<p>Average Net Assets: We need this to calculate portfolio yield. The Total Assets of the fund at year end 2014 was $297-million, compared to $304-million on June 30, so call it an average of $300-million.  Preferred share dividends of $3.747-million were paid over the half year at 0.475 p.a., implying average units outstanding of 15.8-million, at an average NAVPU of about $19.02, implies $301-million. Good agreement between the two methods! So say Average Net Assets are $300-million.<\/p>\n<p>Underlying Portfolio Yield: Dividend income received of $5.509-million divided by average net assets of $300-million, multiplied by two because it&#8217;s semiannual, is 3.67%.<\/p>\n<p>Income Coverage: Investment income of $5.526-million, less recurring expenses of $1.925-million (disregarding transaction costs) is $3.601-million, divided by preferred share dividends of $3.747-million is 96%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brompton Life &#038; Banc Split Corp. has released its Semi-Annual Report to June 30, 2015. Figures of interest are: MER: &#8220;The MER per unit, excluding Preferred share distributions (which were covered by the portfolio\u2019s dividend &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-32407","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32407"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32407\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}