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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 flamingogoldon Jul 19, 2022 4:08pm
150 Views
Post# 34835410

RE:RE:RE:LBS jumps up again at the open?

RE:RE:RE:LBS jumps up again at the open?one more thing.... if corporate earnings are not overly bearish and the market runs through the balance of July and August, it will only give the BoC more ammunition to raise rates aggressively come September.

flamingogold wrote: bubba, we're no where near done. I am expecting a 3/4% hike in Sept and another 1/2 or two 1/4 pt jumps before the end of the year. Probably more next year to start. Inflation is entrenched and is going to take a few good rate hikes by the BoC / FED to get it under control. The 2% goal is a long, long way off.

bubba9 wrote: Buying the div that seems safe for awhile. Probably only one more .5% rate hike left in Sept....
mouserman wrote: Really do not understand the thinking here.... 30%+  premium in this current market is just craziness.

 




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