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.

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Life & Banc Split Corp > under Nav

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Comment by EdPaquetteon Feb 22, 2022 11:30am

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Post# 34450346

RE:RE:RE:RE:under Nav

I'm part of the problem because i used to own lbs and left for higher dividends and more security in BK. My gambling side went for LFE.

RusticHit wrote: why this is so week in split funds trading under Nav while others are tarding at Premiums 5-10 % ???whats s going on with this no saftey in this fund now

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