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

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Post by BSdetector2016on Oct 28, 2023 1:45pm

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Post# 35705736

Panic

If this is like any other Brompton panic-sell, the SP for LBS units will rebound quickly. I suspect people getting stopped-out contributed to the brown snowball. Unit NAV will drop but likely not enough to be in a NO PAY situation for very long. I bought my units cheap during the Covid panic-fest, so I'm not worried.

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