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.

TSX:LBS - Post by User

Life & Banc Split Corp > LBS gains big in a week

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Comment by mousermanon Jan 18, 2022 10:44am

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RE:LBS gains big in a week

Bromtpon reported UNIT NAV @ $21.31 to Jan 13... might be a bit below that with selling today...

mouserman wrote: So far today i am estimating ( guessing ) that LBS has gained about 64 cents in UNIT NAV since last thursday. That would put the UNIT NAV at about $21.38.
I suspect tho that the weightings have changed quite a lot since the last update which was holdings to Sept 30. SO kind of pointless trying to be exact.

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