Bullboard - Stock Discussion Forum 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... see more

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TSX:LBS - Post Discussion

Life & Banc Split Corp > Buying op for sure...

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Post by mouserman on May 19, 2021 10:02am

Buying op for sure...

Not like LBS is trading at a huge premium or anything... but the sellers must have hit the wrong button, or are very confused.
DFN, DF , FFN, FTN and many of the others are trading at premiums, but not seeing the same selloff that LBS is seeing.
This one is a no brainer, and lucky for me was able to pick some up at prices which ARE STILL at a discount to its true NAV.

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Comment by bubba9 on May 19, 2021 10:24am

Inflation will eat into bank profits. It is a cancer and with our out of control spending, it might get worse..Higher rates are coming. LBS is still good but not forever...

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Comment by mouserman on May 19, 2021 10:47am

So why are the other financials split funds not selling off like a house on fire? LCS pure lifecos, has its NAV down much , much more than LBS, yet only down 2.5% LBS down over 3 %, FFN down a few pennies and FTN down less than 1%. In reality DFN is down as much as LBS, yet trading down only 1%... The best value of any of these is LBS , which trades at a discount, with more safety above 15 ...more

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Life & Banc Split Corp