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Life & Banc Split Corp T.LBS

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

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

Comment by bubba9on Jul 16, 2022 11:48am
93 Views
Post# 34829020

RE:LBS jumps up again at the open?

RE:LBS jumps up again at the open?Buying the div that seems safe for awhile. Probably only one more .5% rate hike left in Sept....
mouserman wrote: Really do not understand the thinking here.... 30%+  premium in this current market is just craziness.


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