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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

Life & Banc Split Corp > How about LCS ?
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Comment by mousermanon Jan 06, 2021 10:13pm
107 Views
Post# 32239523

RE:RE:RE:How about LCS ?

RE:RE:RE:How about LCS ?
birder wrote:

Makes a lot of sense, thanks.
I guess it's only really worth for the short-term between now and the moment it clenched dividend zone.
Based on similar products, it gets a significant boost at that moment.

Another question: do you plan to keep LBS now that it's around $7.30 ?
I went it at around $4.25 and thought it would take longer to reach that over $7.00. 


I posted a while back that i had taken most of my LBS off the table and invested in a few other  sectors, and put some into FTN . Today all my FTN got taken out, and I expected a pullback and to be able to buy back cheaper in a few days. 
Then it halted and FTN is doing an offering.. so will wait a few weeks and see where it settles out. In the meantime sitting on a lot of cash, and looking for a pullback in the financials.
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