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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 Safetraderon Oct 29, 2019 5:14pm
67 Views
Post# 30283636

RE:LBS continues to get no respect

RE:LBS continues to get no respect
LBS is safer but doesn't get as much visibility (volume) than FTN. FTN deals with US banks which could be a reason. My feeling, it is more about the fact that traders can get in and out faster with 170K volume (FTN) than 15K (LBS). Now we know that all Split Shares are risky and not easy to sell or buy when volume is low.

I only do LBS and DFN because they don’t miss payouts. I’m back in today with DFN managed to buy lower than what I sold at on the offering.  Easy to get addict to those divvy but always need to make sure the share price is at least at our cost or close.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities