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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 Mar 11, 2020 11:01am
66 Views
Post# 30793123

RE:LBS UNIT NAV to March 10 = 14.69

RE:LBS UNIT NAV to March 10 = 14.69mouserman, I agree with your assessment of the COVID 19 situation for Canada. I work at Canadian Border Services Agency, and I'm hearing about some of the measures being prepared for the epidemic. I would suggest, however, that oil production in Alberta will always be more expensive than in many other oil producing countries, and that reality is not the fault of the natives. If oil drops below $45/barrel, it's simply not possible to process the bitumen into oil at a profit, regardless of how it's transported. I would suggest that Canada really needs to bring back more manufacturing from China, as well as further diversify its economy to stop being so darned reliant on natural resources.
Bullboard Posts