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 > Financials

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Comment by mousermanon Nov 20, 2023 4:29pm

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RE:Financials

Of more concern is probably the big commercial debt that is underwater in US and CANADA. Some analysts are predicting a bank meltdown in Q1 2024....
Not sure how much exposure the CAD banks have , but the overhang from the underwater sovereign bonds will show up soon. Inverted bond yields historically have never been wrong in predicting a recession, just not always immediate.

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