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

Life & Banc Split Corp

Bullboard Posts

Comment by GMcDougall00001on Dec 06, 2019 1:48pm

143 Views

Post# 30429749

RE:Need Some Opinions Please

John, given what is going on with the US and China I am not sure any investment in this area is safe. That being said I am not sure... if you wanted to move things around I would not do a 100% move but think in % terms perhaps 1/3 or 1/2... that way if LBS does an offering you mitigate your exposure... as always jmo. Glenn

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle