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 > UNIT NAV to DEC 1 = approx. 16.85

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Comment by ThatAlbertaGuyon Dec 01, 2020 6:41pm

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Post# 32014941

RE:RE:UNIT NAV to DEC 1 = approx. 16.85

Yeah a little wind was taken out of my sails with mm 6.67 nav call but I we may get back to 6.90-7 with these good bank reports. Funny how we are all waiting for this axe to drop but in the meantime who are we to pass up a .20-.30$ gain lol

EdPaquette wrote: I've been jumping in and out of stocks, but this one seems like I could hold it for a few more weeks. That's long-term for 2020.

mouserman wrote: My spreadsheet says we are not quite back to NOV 26 valuations. Hard to remember that down 3% one day,, meeans to get back to even you need a 4% gain the next... LOL
After distributions LBS commons nav would be 6.67 or so.