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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

Comment by ThatAlbertaGuyon Dec 02, 2020 1:05pm
92 Views
Post# 32018750

RE:RE:RE:Some shorts dumping today...

RE:RE:RE:Some shorts dumping today...

Im with you flamingogold , I think we will see sub 6 with end of year sell off as well just the overall market correction . To each their own as well. 



flamingogold wrote: I'll pick up some more if it hits in the $5.60 range. Sounds low but just in case it gets sideswiped on any tax loss market momentum I am ready.
 

navgod wrote:
mouserman wrote: Or these folks need money so taking some profits. Altho i do suppose there could be tax-loss seling if they were on the wrong side of some trades at one point this year.
At any rate LBS unit NAV is flat today, NOT down .10 .. as that is how much the traders have knocked the commons price down today.
AGAIN , LBS a buy here today, trading at a discount. Always have some cash ready thave stink bids in , well below the NAV for LBS...
At this point 5 of the 10 are up. Its a wash.... bank Q reports today were OK , not much negative there.

Bought 10000 today in the mid 40s and guarantee that shorts did not sell them to me. Mouserman, I believe you see a short behind every down move :). I seriously doubt there has been any significant short interest in this stock. Still happy with my short in DFN and looking at another candidate. GLTA   




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