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 > OOPS posted on the wrong board. ALL stocks up in LBS

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Post by mousermanon Mar 11, 2021 10:13am

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Post# 32771780

OOPS posted on the wrong board. ALL stocks up in LBS

So if this continues today, LBS should get very close the 19$ UNIT NAV today.
If all the holders of LBS put their sells up at the current NAV, ( APPROX: 8.80 HERE) refusing to sell at a discount, there would be very little on the ask....maybe only shortsellers.

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