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

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Comment by Safetraderon Dec 17, 2018 8:12am

47 Views

Post# 29122585

RE:RE:RE:NAV at 6.35 , distribution safe for the time being.

Thanks for your answer. Out of 29M shares the daily volume is pretty low for the amount of drop but also the same when it moves up. Not easy to either get in or out because also small amount offered on buy /ask ans suddently large transaction ANON-TD without showing up on bid ask.
So some manipulation or MM in action.

Still dist. is great but depending if banks and Life stocks will rebound early 2019 it could mean the unit NAV going under or even more secure.

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