Life & Banc Split Corp T.LBS

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

Financial Services Asset Management

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 wolverine99on Feb 01, 2019 3:26pm

78 Views

Post# 29307483

RE:RE:RE:NAV to JAN 31 at 7.07

flamingogold wrote: The FED announcing "patience" was monumental. They nearly pushed this market into a recession by moving too fast.

Any trade deal, even a bad one, will be rewarded by the market and a finale to the Brexit fiasco would be a bonus, good or bad also imo. Right now a hard Brexit is on the horizon.

In other words, most of the bad news is baked in for 2019 already. Even bad earnings are not being taken to the woodshed. That all happened last Fall.

Having said all that, a pullback, which should come soon, would be a buying opp and not a sell. Last Fall buying all dips failed. This time it should pay off. gl

wolverine99 wrote:

mouserman wrote:
Very respectable premium to NAV here ( about 12%), and will add more under 8 $ if possible today.
very safe for income stock at 15% or so yield even in a sideways to down market. over 2$ safety coverage for distributions to commons.
CAD continues to gain vs US$ , so have sold off all FFN and putting the $$ into LBS. I dont really care that the yield is higher for FFN, if the safety is almost nonexistent and the premium to NAV is higher. I will take the 15% yield and sleep well ...

You are right about the sideways nature of the market right now, just kind of drifting waiting for a signal one way or the other. US trade deal with China is out there as is the Brexit fiasco, either one of those could trigger a selloff or a run. Fllip a coin!!!