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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 > Well something similar happened in december 2018
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Comment by mousermanon Oct 27, 2023 2:29pm
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Post# 35704656

RE:RE:Well something similar happened in december 2018

RE:RE:Well something similar happened in december 2018Quite likely some are unloading the UNITs and taking the taxloss, here...will likley  be able to buy the preferreds cheaper than  they were in the offering...LBS was a great short a few weeks ago, at a high premium . HFD was a good buy as well a few weeks ago at  $12.35 or so today trading above 14$.
I missed out on the reload.. waiting for monday ex -div date on these split funds. Yesterday was a deadcat bounce in financials, took many by surprise today i believe. Nice data from the US doesnt seem to matter, or investors trust the inverted bond yields more than rosy stats from the govt..
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