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 > I keep raising my ask on LBS to above NAV

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Comment by mousermanon Nov 18, 2020 12:54pm

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Post# 31923066

RE:RE:I keep raising my ask on LBS to above NAV

JohnWalker wrote: LOL ... I keep lowering my offer on just a few more (I already have 20,000 @ $5.38) as the noon hour panic sellers have sold it down by $0.15 in the past half hour.

Panic sellers, why? Because every stock in LBS is up today?
Logic and common sense have left the markets here imo.
I see DFN up a bigger % than LBS, with almost half of the top 12 holdings down at this point today. Only financials are up in that group... those down for DFN are ... biggest holdings TRP, TRI, ENB, BCE and Telus.

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