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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
Bullboard Posts
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Comment by Safetraderon Jul 06, 2019 8:54am
154 Views
Post# 29891927

RE:RE:RE:Sold 4400 shares at $7.89 today.

RE:RE:RE:Sold 4400 shares at $7.89 today.Fully agree, I did that on last 4 dips( market  in Dec and 3 offerings) My shares are at profit but the amount of them not easy to put back on the street in a single operation at current price and daily low volume. The fact, that  I would need to chase after another high div stocks is also not very tempting.......lol... will probably end-up losing on the stock price at one point or sell in multiple operations and pay the bank.. 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities