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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
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Comment by JohnWalkeron Aug 14, 2020 9:18am
127 Views
Post# 31407563

RE:RE:RE:Looks Like LBS Might Just Miss Paying Dividends This Month

RE:RE:RE:Looks Like LBS Might Just Miss Paying Dividends This Month
JohnWalker wrote: I know they made an exception just a while ago, but my comment was made on the basis that usually the decision for dividends would be made on today's closing price.


Sorry ... ignore. I got confused with DFN when I said management made a recent exception.
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