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

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Post by mousermanon Jan 04, 2024 4:17pm

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Post# 35811282

LBS UNIT nav to Jan 04 = approx: $17.37 after dist.

Of course this month LBS had to pay to both commons and Quarterly preferreds. So the next 2 months their payout will be (@10 cents) , half of FTN,s @ about 20 cents as preferreds are paid every month. Will see who close these 2 are @ the end of January. FTN has caught up a lot , as the US banks fared better in the final month of 2023.

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