Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Financial Services Asset Management

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

Post by 123600on Nov 10, 2019 8:46am

110 Views

Post# 30332672

nav

was wondering why we weren't back to $10 range while the underlyings are at 52 week highs.
Another ? in my mind is wrehy the common does not have increasing dividends with all the increases the holdings have had. When enbridge increased its div the split common ens immediately increased its payout

Bullboard Posts

Invest wiser with BMO's InvestorLine Platform features