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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.


TSX:LBS - Post by User

Comment by thinkyourmoneyon Feb 10, 2021 4:49pm
86 Views
Post# 32530062

RE:RE:RE:LBS unit NAV dropping

RE:RE:RE:LBS unit NAV droppingKnit picking posts like the one from Bloodthirsty catch me off guard.  You seem to want to argue some semantic issue.

Fine, it is a distribution which is a lot like a REIT distribution.  Part of it is return of capital which the receipient of the distribution does not declare as income because they are just giving you some of your money back.  Part is treated as capital gains which means you are only taxed on half of the income made and the dividend part is taxed like a dividend.  Depending on what kind of account it is in, it will be taxed differently.

In an RSP account, when you take it out of your RSP you will be taxed on it at full tax exposure.  So you do not want this stock in your RSP.  In an investment account it will be treated as I have just described above.  Net result is close enough as the tax paid on it will be very similar to if it was all pure dividend income.  If it is in a TFSA, it doesn't freakin matter because you don't even declare it as income.  

I don't get the point of your post at all.  You need to get out.  The covid isolation must be getting to you.  
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