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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

Comment by mousermanon Jan 06, 2021 11:51am
115 Views
Post# 32233288

RE:How about LCS ?

RE:How about LCS ?
birder wrote: First, thanks to people here.
Been reading for a while.

What do you think of LCS ?
Trading under NAV and only 3-5% now from hitting $5 and dividend treshold.

If you were to get LCS at 4.20 , the yield would be 21%, once it gets firmly above 15$..
 However the yields on others LIKE FFN for instance are much higher and so they are getting a huge pop today.
LCS still not quite at the 15$ threshhold here, and i expect some profittaking end of day, and tomorrow.
Things are not all THAT bullish out there yet.
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