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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 thinkyourmoneyon Aug 16, 2022 1:52pm
144 Views
Post# 34899931

RE:LBS unit NAV to Aug 15 = approx: $ 18.28

RE:LBS unit NAV to Aug 15 = approx: $ 18.28Do you suppose that this sudden rise in price is  in response to the sudden interest and rise in price of the Canadian Banks????  And do you suppose that is in response to the fact that Canadian banks are in great shape and will possibly have stellar earnings and dividend information?  And the fact that this should all be reported when they publish their earnings reports next week from the 23rd to the 25th?
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