Life & Banc Split Corp T.LBS

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

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Life & Banc Split Corp

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Post by mousermanon Dec 24, 2020 8:39pm

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Post# 32182082

Merry xmas and best of luck for the NEW YEAR

Good luck and best of the holidays to all the split fund investors and fanatics...
LBS unit NAV to DEC 24th i estimate to be at about 16.69 before distributions , which will be around 24 cents paid the middle of january.
So after distributions my guess is 16.45 range...

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