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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 LalaTorreson Dec 02, 2020 1:27pm
246 Views
Post# 32018923

Financial System Revolution

Financial System RevolutionHeard this news before?Bullish sectors might want to see this...

his might be the beginning to change the way we bank, the way we lend, and the way we invest as these other companies has potentially positioned itself ahead of the pack for the eventual mainstream shift to decentralized finance.
 
these other companies could potentially generate a great development.  Check disclaimer in my profile!
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