Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(61)
•••
Comment by navgodon Sep 07, 2023 10:14am
70 Views
Post# 35623900

RE:LBS UNIT NAV in realtime showing $16.88

RE:LBS UNIT NAV in realtime showing $16.88
mouserman wrote: SO 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

Another factor is the uncertainy around the impact of the extension at the end of Oct. I have stayed away for this reason despite the relativily attactive trading levels. GLTA
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities