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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

Life & Banc Split Corp > LBS unit NAV to FEB 26= APPROX: $18.00
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Comment by bubba9on Feb 26, 2021 6:16pm
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Post# 32677054

RE:LBS unit NAV to FEB 26= APPROX: $18.00

RE:LBS unit NAV to FEB 26= APPROX: $18.00Couldn't agree more. I hold a LARGE position in LBS and haven't sold any as I see the dividend good for a few months or years. Down today but I will sleep like a baby this weekend----
mouserman wrote: SO early on it did not look nearly as negative, but some of the holdings ended down near 2% on the day. Given the great earnings stated by the big 6 CAD banks this week, i find the negativity quite surprising. BUT i hear they sell the news and buy the rumor.....
SO some month end book squaring and some profittaking hammered the canadian markets today for the most part.
LBS commons now carry a NAV of about 7.82 after distributions.
I do not think this selloff in financials will last long, given the big cash positions the BIG 6 are sitting on and the P/E mulitples for them....definitely not overvalued by any stretch of the imagination.



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