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 > End of day LBS unit nav = approx: 17.96

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Comment by slston Feb 24, 2021 12:03pm

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Post# 32647440

RE:End of day LBS unit nav = approx: 17.96

Seems really odd that the financials are up smartly and LBS is offered at a discount to NAV.

Still some overhang from the Financing? Hope they put all the new money to work on time.

Holding with confidence. Canada has the best Banks and the Best Insurance Cos.
Well regulated with remarkable dicipline to achieve annual income growth.
Generally raise their Dividends every year.

Okay.....boring. I see $10 some time this year.

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