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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 marcroberton Jan 19, 2023 12:24pm
149 Views
Post# 35233438

RE:LBS No-brainer

RE:LBS No-braineri'm not buying more , i think banks have further to fall rbc and bmo still not far off pandemic highs, others at or above that level also, real estate and mortgage rates should slow down bank earnings for at least a year or 2. RBC bmo still trading 25% higher than their 2019 all-time high, granted they have done acquisitions, but home sales volume is falling, sellers are going in to wait and see mode... will put pressure on the mortgage business. 
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