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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 Aug 30, 2019 8:35am
137 Views
Post# 30082513

RE:LBS continues to trade a insane low premium to NAV

RE:LBS continues to trade a insane low premium to NAVHi mouserman, today split share game was all about short covering /buying low on FFN and FTN. The way I see this, people wanting the safe distribution play DFN and LBS (my case) and can buy low and hold. Those wanting to play Capital gain better off with FTN FFN and daytrade.
Don't forget, Brompton removed yesterday the $0.10 you  will get deposit on the 16th. (so it is realy up $0.05).

The risk is same for all...: Overnight offering. It would be nice if we would know ahead or have a signal when it's coming......
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities