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

Life & Banc Split Corp

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Apr 15, 2023 9:33am

262 Views

Post# 35396552

LBS uit nav to April 14 = approx $17.60

So after a gain of about 7 cents on Friday , the UNIT NAV has jumped up and commons now have a value of about $7.60 before any distributions are taken into account.
Premium is about $1.23 on the commons and that works out to only 16%.
Seems to be one of the better deals in the financial splits. ONLY LCS would carry a smaller premium, as its commons trade at a discount to the actual NAV before distributions.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading