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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Comment by mousermanon Dec 01, 2020 9:45am

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Post# 32008489

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

ThatAlbertaGuy wrote: Wow BMO hit it out of the park . Maybe this earnings week for cdn banks will be wild

Yes i fully expected good earnings from the BIG 6 ,,, BMO q report was great ... and BNS only so-so.
BUT still they are NOT trading up to prepandemic levels as yet, despite growth in profits etc...
Thin trading on a holiday weekend in the US... and month end booksquaring. Was oversold yesterday, and now NAV should be nearly back to where it was last thrusday... close to 17$.

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