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 commons lower while NAV continues up

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Comment by thinkyourmoneyon Feb 18, 2021 4:35pm

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RE:RE:LBS commons lower while NAV continues up

Don't forget Bank earnings week is next week. They all report. They are all flush with cash but cannot do buybacks or increase the dividends. So their balance sheets will just grow fat but buy backs and increased dividends will happen after the Covid is neutralized...perhaps in May...just in time for next earnings report.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle