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

Life & Banc Split Corp

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Post by mousermanon Jun 02, 2022 8:04pm

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Post# 34728154

LBS unit NAV to June 02 = approx: $19.07

SO if the holdings are now the same as at April 30 , then this should be close. Brompton will post the UNIT NAV tomorrow. LBS gained about 36 cents in the past week, nice jump up.
Last trade is at $10.02, and commons have a real value of $9.07 after distributions.
Premium then is about 10.5%... good value with the yield @ almost 12%.

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