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 > Another article from Globe and Mail

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Comment by mousermanon Aug 23, 2023 5:18pm

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Post# 35602719

RE:RE:RE:Another article from Globe and Mail

navgod wrote:
marcrobert wrote: sounds like they're talking about P&C not lifecos

exactly -- also while MFL and SL are global life insurance companies they are not reinsurance companies which is what this article references.

It is not saying MFC and SLF are reinsurers, but it does say they could buy the reinsurance from some of those companies. MFC and SLF are Canadian insurers..... they are certainly not just life insurance companies. IAG for sure has some exposure to weather related and property damage... as I found their M, D and A mentioning that fact , as it will likely affect profits going forward

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