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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 mousermanon Jan 06, 2021 10:27am
114 Views
Post# 32232325

Dems look to control senate in US , after Georgia runoff

Dems look to control senate in US , after Georgia runoffAnd that is lighting a fire under the banks, particularly in the US....
Not much volume in LBS, and Brompton updated the UNIT NAV, which was 16.49 to DEC 31.
It has notw crawled back into positive territory, above that stated NAV on DEC 31.. but was actually down on Monday.
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