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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 mousermanon Nov 30, 2020 3:28pm
84 Views
Post# 32002496

RE:LBS unit NAV down about 1.5% so far today

RE:LBS unit NAV down about 1.5% so far todayOOPS i posted "SO that would leave the UNIT NAV at about  16.78..." it actually should have read $16.70...... unit NAV and after the .10 distribution to commons, would leave LBS nav at 6.70.... if we ignore the preferred amount , which wont be paid until mid January. LBS will be collecting distributions from the lifecos  in the fund in the next month.
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