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 Value per Class A share. 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

Life & Banc Split Corp

Bullboard Posts

Post by spazzmanon Sep 16, 2011 7:31pm

267 Views

Post# 19052608

Collect-Reinvest-Repeat

Love this time of the month when I collect dividends and buy back more shares. Today's yield 17%

N.A.V. according to website for September 15 was an even $6.00. The risk, if this trend continues, is the dividend will be suspended. As an investor first and gambler second, I feel that the Canadian financials are even stronger now then they were back in 2008/9. If their is a double dip the holdings of LBS will rebound faster and stronger then before, shortening the duration of any dividend suspension. In the meantime I don't mind earning this yield plus the favorable tax treatment on the income. JMHO

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?