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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

Post by JohnWalkeron Aug 24, 2020 3:00pm
167 Views
Post# 31446979

No Dividends Payable for LBS

No Dividends Payable for LBS

Brompton Funds Declare Distributions

TORONTO, Aug. 24, 2020 (GLOBE NEWSWIRE) -- (TSX: DGS.PR.A, GDV, SBC) – Brompton Funds announces distributions payable on September 15, 2020 to class A shareholders of record at the close of business on August 31, 2020 for each of the following funds:

Fund Name Ticker Amount Per Share
Global Dividend Growth Split Corp. GDV $ 0.10
Brompton Split Banc Corp. SBC $ 0.10

Brompton Funds also announces distributions payable on September 15, 2020 to preferred shareholders of record at the close of business on August 31, 2020 for the following fund:

Fund Name Ticker Amount Per Share
Dividend Growth Split Corp. DGS.PR.A $ 0.1375

The funds noted above offer distribution reinvestment plans (“DRIP”) for class A shareholders which provide class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor.

About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.  For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.
 

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