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 > Brompton announces LBS unit nav to FEB 16 @ $18.77

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Comment by oldbrit34on Feb 23, 2023 4:25pm

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RE:Brompton announces LBS unit nav to FEB 16 @ $18.77

I rate this as the best split at the moment when you take into account the high NAV of $8.70 for commons , the miniscule premium , the excellent dividend of 13.25% ,the total assets of $705 million and the stocks in the fund. Why take a serious risk to get to get a higher dividend when this beauty is here .

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