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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 news after the bell
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Comment by navgodon Oct 31, 2023 12:50pm
106 Views
Post# 35709483

RE:RE:RE:LBS news after the bell

RE:RE:RE:LBS news after the bell
marcrobert wrote: Leaked --+ quite possible scenario this is Canada after all insider action on less prominent securities unlikely to raise an eyebrow on bay street or sleepy regulator 

There is no leak! This issue and the amount was common knowledge 2 weeks ago at least.  All that is happening is replacement of the prefs that are being redeemed in connection with the extension. See my post on the 18th for possible impact. Am now building a short again. GLTA
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