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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 JohnWalkeron May 22, 2019 6:54pm
30 Views
Post# 29766332

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LBS is a trader's dream.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LBS is a trader's dream.
ryangazder wrote: a pile of nonsense


Ahhhhh, welcome back my favorite moron, long time no see. Tell us again when FTN is going to $9 (or was it $10). Hope you can sleep at night holding FTN which is right on the bubble of discontinuing Class A dividends.

Meanwhile I'm collecting $2,500 per month on DFN and LBS dividends. The day-trading was in additional LBS shares (outside my main holding) and FTN - I don't mind an additional $500 beer money every week or two from that. They don't all work out (never claimed to be an expert) but with FTN too risky to hold long term for dividends and trading in a fairly reliable range I play a little bit.

Seriously, I enjoy the semi-friendly jabbing back and forth with you ... the other guy was strictly here to argue and I can't abide by that.


Bullboard Posts