Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.P.A

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

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Post by thinkyourmoneyon Feb 24, 2021 12:30pm

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Post# 32647696

Dividends at the Banks

This is on the first page of BNN.ca this morning. It is their twitter question of the day.

"Which of these do you want to see banks prioritize with their high capital levels?"

Number one answer at 64% of respondents saying was...DIVIDEND HIKES

If you don't grasp the connection to this company and its stock value you need to do some reading and educate yourself.

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