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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

Life & Banc Split Corp
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Comment by toolmantayloron Apr 03, 2019 10:37am
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Post# 29575667

RE:RE:RE:RE:RE:RE:RE:Smoothing out your position with dividend funds

RE:RE:RE:RE:RE:RE:RE:Smoothing out your position with dividend funds
navgod wrote: Well, they have have been auditing my TSFA for two years -- haven't heard back yet. I took them at their word about tax-free -- made $400,000 all in split shares. Will let you know if they take me to court.


I believe they are moreso doing this to scare businesses away from actually using the TFSA in a manner to skirt tax laws. They need to make clear terms on the matter otherwise I am sure it's an intimidation tactic that stresses retail investors. I doubt they target people who are 100% in marijuana or mining stocks, but the fact that you showed a little savvy and own a more advanced financial instrument made them want to curb you just in case. They'll never have a case against you with the existing TFSA rules and I'm sorry to hear youve been under their thumb for two years. It's almost like being falsely accused of something.
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