Life & Banc Split Corp T.LBS

Ex-divvie is the 30th

[BSdetector2016]

according to TMX Money. You need to be a holder for 2 business days to qualify; it is already ex-divvie. I expect a nice rebound in early November.The LifeCo component is fareing well.

There are retraction provisions related to the new revised preferred share extension. I believe this is the main reason for the drop.

https://stockhouse.com/news/press-releases/2023/08/28/life-banc-split-corp-announces-preferred-share-distribution-rate

[Stwatcher2]

n connection with the extension, shareholders who do not wish to continue their investment in the Fund, will be able to retract their Preferred Shares or Class A Shares on October 30, 2023 pursuant to a special retraction right and receive a retraction price that is calculated in the same way that such price would be calculated if the Fund were to terminate on October 30, 2023. Pursuant to this

[kittymeow]

The stock market crashed in december 2018 and lbs drops to above 5 but it rebounded really fast and no missing of dividends. Actually its happened in the past.  This stock only missed dividends for a couple of months during the pandemic and in 2009.