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 > Short position on LBS jumped to Nov 15

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Comment by anubis44on Nov 30, 2020 2:25pm

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Post# 32001982

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

Just one thing to say about the Fraser Institute. They are an extremely right-wing think tank, and spare no opportunity to paint Canada as fiscally irresponsible, despite the fact that Canada has perhaps the best (least bad?) economy of the G7, and Canada's banking system is legendary for its stability. The big 6 Canadian banks have all been paying dividends without interruption for decades, and in some cases for over 100 years without a single skipped dividend. Just take what they say with a large helping of salt.

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