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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

Comment by NoShoesNoShirton Nov 08, 2023 10:10am
45 Views
Post# 35723473

RE:Gotta luv this stock!

RE:Gotta luv this stock!
BSdetector2016 wrote: Buy, buy and buy more when the panic sets-in, and sit back and enjoy the out-sized divvie. Never buy outside of panic prices and you'll do just fine.
Since this has a huge premium to nav, it could get taken out by shorts.

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