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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 YellowBrickRoadon May 29, 2019 2:20pm
35 Views
Post# 29782392

RE:EIT.UN

RE:EIT.UN
RusticHit wrote: Any one holding EIT.UN here i thought that one was safer than these FFN FTN LBS DGS and they raised big amount at 11.30 last week but that has been in free fall Yields over 11% now and Div,is safer never cut since 2009
Safer in the sense that there is no $15 theshold, but when NAV declines price will follow.  The NAV of EIT.UN has dropped from $11.04 on May 1 to $10.73 on May 28.  At a price of $10.72 it is trading right around NAV.  From what I have seen it doesn't attract the premiums that splits do.

EIT.UN is also a leveraged fund, but not to the same extent as LBS.  EIT.UN is limited to 20% leverage whereas buying a Class A share of LBS is equivalent to about 56% leverage (with Preferreds at $10, $10/$17.59 = 56%).  

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