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

<< Previous

Bullboard Posts

Next >>

Post by JohnWalkeron Mar 01, 2021 9:51am

126 Views

Post# 32684437

New List of Stocks Elegible for Reduced Margin from IIROC

DGS and LBS have been added back to the list effective March 03 2021. Others may be added as well ... check your stocks here. These stocks are elegible for 30% margin instead of the regular 50% when trading.

https://www.iiroc.ca/documents/2021/ab2cef4e-e218-42b2-a135-056e0af6990d_en.pdf

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing