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 anubis44on Mar 06, 2020 10:31am

79 Views

Post# 30775107

Mouserman, what's today's NAV for LBS?

I sold out my LBS at the beginning of the week, seeing the likelihood of a retest of last Friday's lows. Just wondering what your spreadsheet tells you about the current NAV for LBS with today's prices for the portfolio? Are we below $16 yet?

Bullboard Posts

Eminent acquires promising Nevada gold project