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 > Slow vaccine rollout

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Comment by DivChainon Dec 30, 2020 9:47am

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Post# 32196259

RE:Slow vaccine rollout

flamingogold wrote: The market is ignoring the fact that the speed of the vaccine rollout is very slow. This could improve with a 3rd vaccine now, but I have a hunch that we will wake up one day with a screaming headline that this slow rollout is going to slow the recovery and we get a big pullback. Holding some cash until we have an improved outlook.

Plus im hearing some people won't be taking vaccine, so some risk to not reaching min% for herd immunity.

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