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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 anubis44on Oct 21, 2019 12:45pm
72 Views
Post# 30251555

RE:RE:RE:RE:Premium to NAV

RE:RE:RE:RE:Premium to NAVReluctance to buy LBS at current price might have something to do with this:

https://stockcharts.com/h-sc/ui?s=LBS.TO

The stock is .36 above its 50 day moving average, and .46 above its 200 day moving average. Other than that, perhaps there's a fear that the general trend towards lower interest rates in most developed countries, and several of them already having real negative interest rates might mean that Canadian banks will also have a harder time making money and maintaining their dividends? Just speculation on my part.
Bullboard Posts