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 > What's at play for LBS this week

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Comment by mousermanon Dec 01, 2020 3:26pm

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Post# 32011474

RE:RE:RE:RE:What's at play for LBS this week

ThatAlbertaGuy wrote: Thanks for the NAV update :)

looks like a lot of volume at 6.65 good discount to get in at !

Yes well looks like i got some at a considerable discount at 6.64 and under....last bit filled at 6.62
Was NOT expecting to get any, since the holdings have had a stellar day.
Amazing to me that folks are buying DFN at over a 23% premium to NAV, but cant see the value buying LBS at a discount.
Without the financials today DFN would have no gains...

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