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 mousermanon Jun 12, 2023 6:09pm

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Post# 35492439

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

My top pick is LCS, as I see lifecos doing better than the banks in this rising interest rate environment.
Warren Buffet also hinted at liking the insurers...... still some more contagion could happen in the banking sector . Papering over the troubles wont work forever as we have seen.
'LCS also is trading at a discount to its VALUE and paying 15% annual yield at todays close.
I also like LBS exposure to the CAD lifecos at over 40% of the fund, with the rest being CAD big 6 banks. LFE might be a good pick for lifecos, but underwater right now....UNIT NAV would only be $14.10 or so...

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