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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

Life & Banc Split Corp > LBS unit nav drops 37cents since thursday ....NOV 30=$16.53
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Post by mousermanon Nov 30, 2020 5:33pm
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Post# 32004273

LBS unit nav drops 37cents since thursday ....NOV 30=$16.53

LBS unit nav drops 37cents since thursday ....NOV 30=$16.53Huge pullback end of day, as month end book squaring took its toll. I dont doubt that Brompton also took some profits in some of the names that had such huge  runs in less than a month.
I cant imagine any manager thinking the market will continue to rocket higher, with what is going on in North America right now. Lots of negative news, regarding housing , COVID 19 raging on.... etc, etc.
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