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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

Comment by ThatAlbertaGuyon Nov 24, 2020 11:02am
115 Views
Post# 31960519

RE:RE:Sold All My LBS Today

RE:RE:Sold All My LBS Today

Should of held and kept collecting div till next year ! Anyways we all make our own calls :) 

mouserman got to get a timer coffee pot I got my keurig set to brew so it's ready and poured before the markets open lol .

 


mouserman wrote:

JohnWalker wrote: I had 3 different orders in to sell at varying prices and they all got filled. With the leverage of margin trading, I managed a 51% capital gain (almost $30K) from my purchase on November 9th. Other than some short term trading with gold or EIT.UN I will probably step back from the markets again until about February 2021.

Thanks to everyone, especially the regulars like mouserman, navgod, flamingogold, and Ed Paquette (sorry if I missed anybody). Good luck to all and see you next year. Stay safe and mind the Rona.
 

Well yesterday i had raised all the my sells. This am i took too much time making my coffee and one order went thru at 6.90....i managed to move all the others up again, well over 7$. Still have over 80% of the LBS i had yesterday.
I estimate the UNIT NAV is now at about 16.95....
SO selling under 6.90 would have been at a discount to NAV...


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