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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 growth in Net Asset... see more

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Bullboard (TSX:LBS)

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Post by mousermanon Jan 12, 2024 9:29am

Brompton reports LBS unit nav @ $17.17

That came in within a penny of my spreadsheet. Big premium for LBS compared to other financial split funds. Last trade was @ 7.74 , and a premium of 57 cents.

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Post by mousermanon Jan 09, 2024 4:43pm

LBS unit nav to Jan09 = approx: $17.34

So LBS ended up losing nearly 8 cents since the update on JAN 5. The last trade @ $7.88 means the premium is now about 54 cents or nearly 7.35%

Lahontan Gold Announces Filing of Santa Fe Technical Report

posted Nov 29, 2024 9:00am by Lahontan Gold Corp.

Lahontan Gold is pleased to announce that the Company has filed on SEDAR+ an independent Technical Report and updated Mineral Resource Estimate ("MRE") titled "Santa Fe Project Technical Report," effective October 9, 2024, and dated November 27, 2024, for Lahontan's Santa Fe Mine gold and silver project, Santa Fe District, Mineral County, Nevada. ...read more

Post by mousermanon Jan 05, 2024 9:29am

Brompton reports UNIT NAV to JAn 4 @ $17.36

So the spreadsheet very close , within a penny.

104

Post by mousermanon Jan 04, 2024 4:17pm

LBS UNIT nav to Jan 04 = approx: $17.37 after dist.

Of course this month LBS had to pay to both commons and Quarterly preferreds. So the next 2 months their payout will be (@10 cents) , half of FTN,s @ about 20 cents as ...more

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Comment by NoShoesNoShirton Jan 04, 2024 3:37pm

RE:LBS unit nav to Jan 03 = approx; $17.31

I'm so glad FTN got ahead!!! FTN unit nav to Jan 04 -= approx: $17.58 AFTER dist.

Discussion

Post by mousermanon Jan 03, 2024 4:20pm

LBS unit nav to Jan 03 = approx; $17.31

So looking like LBS lost about 11 cents off the NAV as reported last thursday. TRading a significant 6.7% premium these days.. as the last trade was @ $7.80

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Discussion

Post by mousermanon Jan 02, 2024 5:05pm

LBS UNIT NAV to Jan 02 = approx; $17.43

So the CAD bakns took a back seat to the gains today in the US. Not sure what was driving that move up in the US financials. Only a penny gain since the update on thursday.

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Comment by NoShoesNoShirton Dec 29, 2023 8:02pm

RE:RE:RE:Nice to see Insiders Buying....

Thanks Jack. This information is very significant, they must expect a rough year.

Discussion

Comment by Jack256on Dec 29, 2023 4:03pm

RE:RE:Nice to see Insiders Buying....

They bought preferred shares not A shares!

Discussion

Post by mousermanon Dec 29, 2023 2:11pm

Brompton reports UNIT NAV @ $17.69 to DEC 28

SO they do not take off the common and preferreds distributions until the first weekly NAV report after the end of the month. In reality the commons had value of about $7.43, ( as Brompton ...more

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Comment by mousermanon Dec 28, 2023 5:53pm

RE:RE:LBS unit nav to Dec 27= approx: $17.67

Normal to see a big short position after an overnite offering with many underwriting agents getting cheaper shares to short against into the market.

Discussion

Post by mousermanon Dec 28, 2023 5:52pm

LBS unit nav to Dec 28 = approx; $17.68

That is of course before distributions, and this month those add up to almost 27 cents, with the Q divvy to preferreds. So the commons now with a value of about $7.41 almost exactly the same as FTN.

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Comment by tinkvidon Dec 27, 2023 7:46pm

RE:LBS unit nav to Dec 27= approx: $17.67

Out of all the splits, LBS preffs and Class A have the largest short activity. Preffs moved up swiftly!

Discussion

Post by mousermanon Dec 27, 2023 4:13pm

LBS unit nav to Dec 27= approx: $17.67

SO the spreadsheet is showing a gain of about 18 cents since the update last thursday. After distributions of nearly 27 cents the value of the commons would be $7.40, and compared to FTN ...more

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Discussion

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Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

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Bullboard (TSX:LBS)