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.

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Life & Banc Split Corp

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Comment by Safetraderon Dec 21, 2018 1:33pm

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Post# 29147289

RE:RE:Portfolio rebounding a bit today

YEP Brompton did a sh!t job of launching an offering 1 month ago and letting A shares drop30% while Financial sector has drop 7%. Wondering are friendly they are with ANON and TD on what has been happening lately. I'm guessing, most will be collecting dist. when 2019 is here and will have low price shares. How can banks buy at $8 and let this go down like there is no tomorrow???? Why would Brompton launch an offering 1 month before tax lost when they are down whwn already down 20% from Jn 1st 2017 ???

I guess they really don't need retail investor or why would they do their best to do their worst for us?

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