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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 11 = APPROX: 18.94
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Comment by EdPaquetteon Mar 11, 2021 7:48pm
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Post# 32782256

RE:RE:LBS unit NAV to March 11 = APPROX: 18.94

RE:RE:LBS unit NAV to March 11 = APPROX: 18.94After an overnight offering, it takes 3 months to recover the premium to nav.  FTN did one January 7th and LBS just after that. Both these splits will be in their glory the next 3 or 4 weeks.   
navgod wrote: Brompton has two split funds that trade at a premium: GDV which just had a treasury issue yesterday and OSP an oil stock fund that is quite small but wich has traded at a large premium for years(for no good reason as it has been a dog until recently). There is no reason to expect the Quadravest and Brompton funds that currently trade at or below their nav to begin to trade at any significant premium ie10%+anytime soon. If any thing it it is more likely that the few remain issues that trade at a premium will continue to slide toward their nav as the whole splitshare universe has changed dramatically.

GLTA


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