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 > Ex-divvie is the 30th

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Post by BSdetector2016on Oct 27, 2023 1:27pm

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Ex-divvie is the 30th

according to TMX Money. You need to be a holder for 2 business days to qualify; it is already ex-divvie. I expect a nice rebound in early November.The LifeCo component is fareing well.

There are retraction provisions related to the new revised preferred share extension. I believe this is the main reason for the drop.

https://stockhouse.com/news/press-releases/2023/08/28/life-banc-split-corp-announces-preferred-share-distribution-rate

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