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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 bounces back, UNIT NAV Aug 23 now $17.22
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Comment by mousermanon Aug 24, 2023 11:53am
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Post# 35603854

RE:RE:LBS bounces back, UNIT NAV Aug 23 now $17.22

RE:RE:LBS bounces back, UNIT NAV Aug 23 now $17.22LCS was worth the risk when i bought and was my biggest gainer in the past year, and now will have dished out 8 consecutive distributions. Despite the  monetary payout, the yield on LCS is now over 17% at my latest  buys average cost , of  around $5.10 , and that beats LBS yield by about 3 % at todays price. 
I have been buying LBS at its beaten down prices and low premium as well. These 2 are my favs still....i dont EVER pay for split fund common with over a 35% premium.
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