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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
Bullboard Posts
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Comment by Calbucinon Mar 13, 2020 3:55pm
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Post# 30805777

RE:RE:RE:Bottom line -NAV falls way below price in CRASH - BUY SIGNAL

RE:RE:RE:Bottom line -NAV falls way below price in CRASH - BUY SIGNALThanks Marc that is much appreciated. Do you know what happens to class A shares at the end of the period (I think it's 2023 for LBS? not sure)?

I have bought them at 3.6 yesterday... I think it's a good move, my strategy is to keep them not to go swing trading. Just the dividends (when they will resume) should be enough for me.

What do you think?

Best Regards,
Bullboard Posts
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