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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

Bullboard Posts
Comment by gpqithspon May 22, 2013 4:42pm
328 Views
Post# 21428324

RE: RE: RE: Pardon my ignorance/gpqithsp

RE: RE: RE: Pardon my ignorance/gpqithsp

I'm not aware of any sites tracking the daily NAV on the Brompton Group Split shares funds.  As mentionned, they are doing it every Thursday.  Here are a few hints to help you if need be:

1- I make my own calculations with an Excel sheet (I review it every week to compare with the real NAV). I usually acheive a gap less than 0.1 or 0.2% which is acceptable for me.  I tend to purposely skew the gap on the low side for estimates as I don't want to get caught.

2- If it gets close to 16$ or below, I start following it more closely (ie every day).  From then, I have to make my own decisions at my own risk, buying opportunity or bail out in an orderly fashion.

3- Those shares are low volumes, if you own a lot, you may have problems getting out quickly.  This is a reality to be known, accepted and dealt with.

4- For the Brompton Group, you get the best peace of mind to some nerve wrecking stocks in that order (SBC, DGS, LBS, LCS).  Of course, your returns will be influenced both ways by the the risks you will be taking...

it doesn't answer the question but I hope this helps anyway.

Gpqithsp

Bullboard Posts