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 > My terminology

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Post by mousermanon Dec 02, 2020 1:20pm

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Post# 32018869

My terminology

By shorting LBS i am not always referring to shortsellers.
If i sell LBS out some of my holdings , i am shorting it, ( decreasing my holding) and hoping to buy back cheaper. The only difference is i am not trying to borrow shares to shortsell and pay interest on them.
I know there isnt a huge short position in LBS , at least according to the TSX numbers.
But it did go up last report.

Short Positions for LBS

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : LBS	2020-11-15	26,690	22,834	27,296,158	0.10
T : LBS	2020-10-31	3,856	-344	27,296,158	0.01
T : LBS	2020-10-15	4,200	2,355	27,296,158	0.02
T : LBS	2020-09-30	1,845	-1,804	27,296,158	0.01