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

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Post by mousermanon Sep 08, 2023 4:34pm

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Post# 35626897

LBS unit nav to Sept 08 = $16.71

SO despite the big jump in common share price today, the UNIT NAV actually lost 3 cents.
So the value of the common shares today is $6.71, and with the last trade @ $7.47 the premium now has jumped back up to 76 cents which equates to about 11.3 %. Almost back to where LBS usually sees its premium.

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