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 > Market maker is playing today

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Comment by bubba9on Oct 18, 2022 1:14pm

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Post# 35031819

RE:Market maker is playing today

Don't stop talking to yourself.....

Obscure1 wrote: The 10 underlying stox are up an average of 1.86% which means the NAV should be up about 4.7%

The LBS share price is only up 2.6% as it has been holding steady at $7.85 virtually all day when one might expect it to be hovering at just over $8.

If nothing changes in the next 90 minutes, it means the premium will be coming off a little bit.

I have just started looking into this, but I have to wonder if the LBS share price is being stubborn to the upside today because people are expecting the bank and lifeco stox to drop. Or maybe the market maker got caught short and is trying to buy back shares on the cheap.

I don't think anyone that follows this thread is interested in this kind of stuff. If you are, let me know and I will keep posting. Otherwise, I'm just taking to myself which is weird.