Life & Banc Split Corp T.LBS

Alternate Symbol(s): T.LBS.P.A | LFBCF

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options and cash-covered put options in respect of the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.

TSX:LBS - Post by User

Life & Banc Split Corp > Added

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Comment by Mirko22on May 04, 2022 6:05pm

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Post# 34656805

RE:Added

Obscure1 wrote: I just picked up another 10k shares. The banks have all recovered about $1.50 per share off the lows of the day while LBS is still licking its wounds.

I'm expecting the FED to raise interest rates by 50 basis points tomorrow which will freeze the market until Powell speaks at 2pm on Wednsesday. My guess is that Powell will indicate that the FED is being proactive but will be watching the Q2 numbers carefully before making any decision on rates going forward. Based upon that, I expect the markets will move strongly upwards in the last hour of trading on Wednesday.

The market has a way of humbling us all, but with a yield of 12.8%, I can wait

nice call

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