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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

Bullboard Posts
Comment by spazzmanon Nov 30, 2011 4:30pm
189 Views
Post# 19280543

RE: this pupy will go to 3.00

RE: this pupy will go to 3.00  Strong support at $4.46
 LBS does NOT hold any US stocks. 
 Its Achilles heel is their Canadian insurance holdings.  If the Canadian banks can maintain today's rally we could be back in the black by years end.  JMHO  comments please  


Bullboard Posts