Life & Banc Split Corp T.LBS

Alternate Symbol(s): T.LBS.PR.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

Bullboard Posts

Comment by Safetraderon Mar 08, 2019 5:07pm

59 Views

Post# 29463642

RE:TD appears to be marketmaker not short

Thanks for the info mouserman. When I was looking at some sample transactions throughout the day, there were so many between TD and Anon that I now wonder if they were not both working for Brompton.

Most transactions were TD-TD, ANON-TD,ANON-ANON on buyer and seller side. Now not sure if they aren't playing a role together in keeping the price as close as possible to NAV with low premium.
Quadravest seems to want volume and share price up while Brompton aims at valuation vs portfolio. Two different strategies to get retail investors in.

Both my DFN and LBS are providing approx 15% distribution and are still at profit so will wait and see.

Bullboard Posts

High-grade gold potential in the world’s best mining jurisdiction