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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

Post by mousermanon Dec 02, 2020 10:18am
261 Views
Post# 32017349

NA and RBC were OK

NA and RBC were OKNothing to write home about, but considering the economy in Canada, and particularly the US.... they did a bit better than expected.
Been a big run the past month tho, and it is Cyber Monday week, so online shoppiing has those folks with little money, buying more than they can afford.
Some might take some profits in some of these names to buy some xmas cheer and presents. It is that time of the year. Usually tax loss selling starts to gain some steam as well. Lots of places to take lumps and sell losers for the capital loss for the year 2020.
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