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Life & Banc Split Corp T.LBS

Alternate Symbol(s):  LFBCF | T.LBS.PR.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 growth in Net Asset Value per Class A share. 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
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Comment by Safetraderon Dec 21, 2018 5:57pm
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Post# 29148916

RE:RE:RE:Tradings statistics by house

RE:RE:RE:Tradings statistics by house
Thanks for statistics by house. TD was selling lots.

Short selling is pretty risky at tax losses season. You need to be fast when or if big players buy back which could happen on next Thursday or Friday for all equities (Banks for one) that are solid players . Perhaps that will tell if it is recession or fear of a recession. Lots decided to change and be more cash with interest rate going up and risk of a crazy President getting worse. 

Since split funds are not dividends but distributions, if banks lower their profits and div , then it could be getting worse for split fund cancelling dist.

For now banks all had a solid share price drop while still pretty profitable. That influenced tax losses which also triggered split fund tax losses.
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