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.

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Life & Banc Split Corp

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Post by mousermanon Mar 13, 2023 4:45pm

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Post# 35335962

LBS unit nav falls to $17.34 to MArch 13

Wasnt a lucky number 13 today, as my spareadsheet is showing a 70 cent loss in the 2 sessions since the MArch 9 udpate. Premium has jumped up to $1.34 before prorated preferreds are deducted. With the commons valued @ $7.24 after those are reflected the premium would be nearly 20%. Certainly not one of the higher premiums in the split fund space, at this time.

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