Life & Banc Split Corp T.LBS

Alternate Symbol(s): T.LBS.PR.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.

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Life & Banc Split Corp > CAD banks warned on US commercial property

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Comment by mousermanon Jan 22, 2024 2:50pm

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RE:RE:CAD banks warned on US commercial property

Hey ol Brit , BANK looks like an ok index tracking ETF.... the difference is obviously the leverage in these splitfunds.. as a large part of the NAV is from the preferreds. Some income is also generated by covered call income with LBS and other splits as they are actively managed as opposed to an equal weighting ETF that stays static. The advantage with BANK is the fees annually would be lower with no trading or options . And there is no 15$ minimum NAV requirement.

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