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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
Post by JohnWalkeron Dec 06, 2019 11:52am
187 Views
Post# 30429218

Need Some Opinions Please

Need Some Opinions PleaseI sold all my LBS a day or two before Ex--Div Date on the 26th and 27th (roughly $2500 Cap Gain) but I'd like to get back in again. I want to move some of my cash out of DFN and put it towards LBS. I see LBS a better buy right now as LBS trading at or slightly below NAV, while DFN is at a premium. LBS would be a slightly better yield on dividends than DFN.

But there's one thing I'm worried about. DFN just recently had an overnight offering while LBS last offering was back in March 27th. I'd be really pissed if I moved into LBS and a week or two later they had an offering - we all know what happens to share price when there's an offering.

What does everyone think - will we see an offering from LBS in the next couple of months? Thanks for any and all reponses.

Bullboard Posts