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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
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Comment by anubis44on Sep 18, 2020 10:58am
87 Views
Post# 31581008

RE:LBS needs over a 1% gain to pay to commons.

RE:LBS needs over a 1% gain to pay to commons.Maybe the account manager managed to sell enough covered calls in the last few weeks to push the NAV just squeeking over the threshold... :)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities