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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 in realtime showing $16.88
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Post by mousermanon Sep 07, 2023 9:59am
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Post# 35623837

LBS UNIT NAV in realtime showing $16.88

LBS UNIT NAV in realtime showing $16.88SO with the recent sellofff, those selling have ingored that fact that the 4 lifecos make up 4 of the top 5 holdings in LBS and all are up since the AUG 31 update.
SO UNIT NAV has risen by over 6 cents since that time,  while the share price of the LBS commons has dropped from  $8.06 on AUG 31 to the current price of $7.57, a loss of 49 cents or about  a 6% harircut.
Not as bad as the FTN selloff , but still a bit shocking for longs. Premium now right around 10% for LBS
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