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 bounces back, UNIT NAV Aug 23 now $17.22

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Post by mousermanon Aug 23, 2023 7:09pm

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Post# 35602887

LBS bounces back, UNIT NAV Aug 23 now $17.22

So the loss since the 17th of AUG now comes in 26 cents , and with the last trade @ $8.32, the premium has shrunk to 16.8%, after distributions to commons. Likely the next best valuation of those paying to commons behind LCS. LCS is trading right at NAV with one day left until the calculation date for Brompton.

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