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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
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Post by flamingogoldon Oct 20, 2023 11:05am
177 Views
Post# 35692974

Replay of DFN?

Replay of DFN?After seeing the slaugher of DFN due it's high premium, is it really worth holding this? NAV now into the 5's. DFN or DGS, while not paying are both trading below their NAVs and have a very strong chance of a return to distributions once we get out of this market rate funk. So a double win... capital appreciation and a juicy distribution. Time to get there unknown, but better risk-reward scenario imo than LBS.
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Dealroom for high-potential pre-IPO opportunities