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

<< Previous

Bullboard Posts

Next >>

Post by maaaaasteeeeeon Nov 23, 2020 3:41pm

764 Views

Post# 31954492

Smooth operation

Financial markets provide finance for companies so they could hire, finance and grow. Great service right? Would you want to tap the advantages of this service? See more here:

Financial markets play a vital role in facilitating the smooth operation of capitalist economies by allocating resources and creating liquidity for businesses and entrepreneurs.

Financial markets create securities products that provide a return for those who have excess funds and make these funds available to those who need additional money.

Check the disclaimer on my profile.

<< Previous

Bullboard Posts

Next >>

Geologica Resource: Polymetallic upside at a depressed price