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 > What's at play for LBS this week

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Comment by mousermanon Dec 01, 2020 2:44pm

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Post# 32011122

RE:RE:What's at play for LBS this week

Yes i have gotten rid of most of those annoying spam posts...and for a while was considering giving up on SH altogether. While i do enjoy reading the posts and updating NAVs for the folks, i do NOT NEED to be on the site. I do just fine , ignoring the bull on here....
LBS today by the way , has improved the UIT NAV by about 1.8% at this point, even with SLF down today. That is a gain of nearly 30 cents .. almost back to NOV 26 level of $16.98 .
LBS does continue to trade at a discount to NAV, not sure why it would be shorted when there are many other targets , much more overvalued , especially in the split fund space.
I am not complaining too much tho, as the short position was very small on LBS... and i dont mind getting discounted shares.

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