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

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Comment by marcroberton Mar 09, 2020 12:43pm

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Post# 30783805

RE:RE:RE:what the better buy right now: LFE, LCS or LBS?

As we saw in the past, lifecos and LCS much more sensitive to rate declines than banks, so i'm still buying LCS at this point, best risk/reward has only dipped very briefly under 5 last 11 years. At almost 2x the price, i'm not that interested in sbc

If LCS hits 2 or 3 and DGS at 3 are all buys for long term.

LCS at these levels merit at least half a position. not much more room down unless banks fall to financial crisis lows, i bought more at 5.4

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