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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Comment by ThatAlbertaGuyon Nov 21, 2020 12:47pm

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Post# 31947097

RE:RE:RE:RE:RE:Short position on LBS jumped to Nov 15

Well at first glance it seems to be a bad beat when I read it as your loosing that sweet roi on your original investment . Like if you bought at 3 and expected .125/share bought your only getting a fraction of that . But on the other hand knowing quadravest splits when that nav hits 17.88 the stock may start at 7.88 a share but then the premium will kick in and then an further gains in the nav will maybe put it into the 20s . So basically they are making you skip the capital gains from the split rising en lieu for constant dividends now and a littl capital gains as the market recovers . That's just my opinion anyways

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