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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

Comment by mousermanon May 11, 2021 9:45am
141 Views
Post# 33172705

RE:RE:RE:RE:RE:RE:Good results from lifecos

RE:RE:RE:RE:RE:RE:Good results from lifecos
EdPaquette wrote: Look at a 10 year chart of ZEB equal weight banks. In 2017, 18 and 19 it topped out just over 30. 2020 was the drop, and now it's way over 34.  That breakout has room to run up to 37 or 38. So another10% rise in banks.

I dont think charts are very reliable in a pandemic.... sooner or later there will be technical selling in the financials after a 70 % runup in a space of about 7 months....
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