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 reports UNIT NAV @$17.36 to JUNE 8

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Comment by Obscure1on Jun 09, 2023 2:33pm

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RE:Brompton reports UNIT NAV @$17.36 to JUNE 8

mouserman:

I continue to stock pile cash in anticipation of a bit of a stock market meltdown in the 2nd half of the year.

In the past, I have typically jumped into one bank-based Split fund and/or ENS when the timing is right in order to keep things simple and because I don't have time to follow several.

If the market does present a buying opportunity, I want to spread out my funds into 3 or 4 Splits with the focus once again being on banks.

What are your top 3 or 4 picks? Would you divide the funds equally, or allocate more to the top pick and less to the bottom pick?

TIA

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