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 > My terminology

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Comment by ThatAlbertaGuyon Dec 02, 2020 3:16pm

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Post# 32019727

RE:RE:RE:RE:My terminology

I think looking at what a short contract is you are selling a stock at today's price if the stock drops to your short price at which point you would buy . Am i incorrect ? I don't really play options . But if that's an elementary understanding I would say selling today and looking for a cheaper buy back in on the same stock is a short play.

navgod wrote: Come on guys -- if I sell something I own its called SELLING,if I sell something I don't own its called SHORTING not exactly rocket science!

ThatAlbertaGuy

I would call that shorting

navgod wrote: you're kidding me right!

[/quote wrote: