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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 JohnWalkeron Jun 10, 2019 2:14am
63 Views
Post# 29810701

RE:RE:RE:nav and div

RE:RE:RE:nav and div
mouserman wrote: Interesting that DGS preferreds have been getting that same rate .13125 quarterly since 2008.


DGS expiry date is Nov 18, 2019. But there was a news release put out on Sep 28th 

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aDGS-2664686&symbol=DGS&region=C

saying that the fund will be renewed for another 3-5 years. The preferred rate will be reset on Nov18th ... it's stated in the news release. Most closed end funds and split-share funds have their rate reset for preferred shares every five years.



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