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 > LBS dividend history

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Post by petebrown1963on Dec 28, 2020 3:29pm

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LBS dividend history

LBS has halted payments in 2008-2009, and also somewhat strangely for three months in 2012: June, July and August according to Brompton's website.
In 2012, shares of Royal Bank dropped from 58 to 48 as did the other Canadian banks and this was enough to halt the dividend for LBS.
DFN, which is a split share corp that also holds all Canadian Banks and Lifecos, kept paying during this time due to superior diversification into the oil complex.
Investors should realize that LBS is highly correlated to bank and Lifeco shares and DFN has a much more stable dividend history because of greater diversification.

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A junior copper-gold stock trading at a bargain of monumental proportions