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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.


TSX:LBS - Post by User

Comment by navgodon Apr 18, 2024 4:32am
47 Views
Post# 35995265

RE:Overnight offering

RE:Overnight offering
oldbrit34 wrote: After opening today at $7.83 LBS had a high of $7.94 and a low of &7.80 before 1.40pm. After 1.40pm when the price was $7.86 it declined to reach $7.68 at the 3.18pm trading halt. At 3.19pm the offering price was announced as $7.65. Any comments anyone on this fall to $7.68 ?

The new issue info for Brompton leaks like an old bucket -- not the first time this has happened.
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