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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 to Oct 16 = approx: $16.31
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Comment by mousermanon Oct 18, 2023 3:28pm
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Post# 35689642

RE:RE:LBS unit nav to Oct 16 = approx: $16.31

RE:RE:LBS unit nav to Oct 16 = approx: $16.31AH yes, i was under the impression that there was already an imbalance, and Brompton ( unlike Quadravest) seems to take care of those inequalities promptly.
But i see now the imbalance was under 1 million shares...

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