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.

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Life & Banc Split Corp > Adding some more at 6.21 today

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Comment by mousermanon Nov 18, 2020 7:51pm

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Post# 31927789

RE:RE:Adding some more at 6.21 today

JohnWalker wrote: I added a few K shares at $6.21 today as well ... good luck to all. I'm really looking forward to reinstatement of dividends this month. As ex-dividend draws near I will re-evaluate how share price is compared to NAV. I'm sitting on a sizeable capital gain on paper and would like to crystalize that gain as I have other year capital losses I can put against it. However if the price is still under NAV I will hold and collect the dividends.

Well capital losses carry forward. , and most of the action this time of the year is traders /investors selling losers and taking the capital loss, so you dont pay as much tax on the big gains on the year.

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