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 > Short position on LBS jumped to Nov 15

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Post by mousermanon Nov 20, 2020 11:27pm

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Post# 31946195

Short position on LBS jumped to Nov 15

Was quite surprised to see that some entities have shorted LBS at levels well below where it trades today. The average sale for the period from Nov 1 to Nov 13 was 5.30.....
It may explain some of the big volume today... shortsellers covering and not wanting to pay the distributions to those they borrowed shares from.

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