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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

Life & Banc Split Corp > LBS unit nav to AUG 17 = approx: $16.95
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Comment by navgodon Aug 22, 2023 9:13am
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Post# 35599538

RE:RE:RE:RE:RE:LBS unit nav to AUG 17 = approx: $16.95

RE:RE:RE:RE:RE:LBS unit nav to AUG 17 = approx: $16.95
mouserman wrote: Lifecos and banks hold reinsurance exposure to the home and property  insurance companies I believe. They are not direct sellers of the policies in most cases.

You don't seem to want to let this topic go so let's continue:  What evidence do you have of your belief in reinsurance exposure for Cdn Lfe cos? If there is exposure how much and where? So far all I hear is vague idle speculation far below your usual high standard. I have never hear any Cdn Lfe co discuss any earning hit from property reinsurance.  GLTA
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