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Bullboard - Stock Discussion Forum
Life & Banc Split Corp
T.LBS
Alternate Symbol(s):
LFBCF
|
T.LBS.PR.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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TSX:LBS - Post Discussion
Life & Banc Split Corp
> Unit NAV is what matters
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(390)
•••
BSdetector2016
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Post by
BSdetector2016
on Jul 20, 2022 12:45pm
Unit NAV is what matters
Nothing else.
(234)
•••
ol_griz
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Comment by
ol_griz
on Jul 22, 2022 10:56am
and current $17.12 says the rich distribution will continue for some time. I don't see a significant enough fall in our holdings until next year, if at all.
(94)
•••
thinkyourmoney
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Comment by
thinkyourmoney
on Jul 25, 2022 12:34pm
I agree. There will be shortage of stock for sale as a lot of us bought when the bank and insurance stocks were low the last time. I just reviewed my holdings of LBS. Since I bought I have drawn the dividend as cash flow and I subtract that from the price I paid. It makes a lot of sense as a portion of the dividend is reported as return of capital. Bottom line is my
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