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 to Oct 16 = approx: $16.31

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Post by mousermanon Oct 16, 2023 6:46pm

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LBS unit nav to Oct 16 = approx: $16.31

So big bounce back for LBS today, all 10 stocks up... so erased the losses from friday and so actually added another 4 cents on UNIT NAV since thursday. Last trade @ 7.64 equates to a premium of about 1.33 before distributions, or about 21% .
LBS was halted today as they announced an offering of preferreds. This will actually raise the NAV of the commons, as more cash will be in the holdings until they can put it to work buying the best names in the fund.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?