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 > LBS jumps up again at the open?

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Comment by ol_grizon Jul 16, 2022 12:55pm

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Post# 34829093

RE:RE:LBS jumps up again at the open?

Agreed. When I first started investing all I saw in LBS was blue chip diversification and the juicy distribution. The subtleties of the impact of NAV and ROC were lost on me at the time. Still, it's been an excellent investment for me, especially when I've sold and rebought when suspension of distribution was imminent, thus avoiding much of the huge capital gain and getting back in at an even lower price.

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