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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 March 8 = Approx: $18.71
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Post by mousermanon Mar 08, 2021 5:50pm
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Post# 32745965

LBS unit nav to March 8 = Approx: $18.71

LBS unit nav to March 8 = Approx: $18.71Nice move of 54 cents in 2 days since last thursday. Hard to figure some still believe these financials are not the place to be.... and obvious by the discount to NAV that they do not believe it can go on much longer. I dont see any headwinds.... so this one a great hold.
LBS commons now have a value of $8.60.... and last trade means a 45 cent discount. Doesnt get any better value than that ,  in amongst the safest  of the split funds.
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