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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 > LBS bounces back, UNIT NAV Aug 23 now $17.22
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Comment by marcroberton Aug 24, 2023 11:43am
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Post# 35603827

RE:LBS bounces back, UNIT NAV Aug 23 now $17.22

RE:LBS bounces back, UNIT NAV Aug 23 now $17.22Is lcs worth the risk, with the lower distribution. Personally I wouldn't touch it at ths level. it hit 3 a year ago, I only see it as a capital gain vehicle,. not yield
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