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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 > Good results from lifecos
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Post by mousermanon May 05, 2021 9:48pm
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Post# 33138184

Good results from lifecos

Good results from lifecosParticularly GOW and SLF had stellar reports.

UNIT NAV for LBS to MAY 5 = about $19.34 before distributions.
So commons are at a bit of a discount with real value at  $9.19 after distributions of .10 to commons and prorated 5 cent dist to preferreds.
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