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 > Brompton updates UNIT NAV @ $16.02

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Comment by navgodon Nov 14, 2023 8:11am

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Post# 35733816

RE:RE:Brompton updates UNIT NAV @ $16.02

Final impact of pref offering and pref retraction should be reveled in this Thursday's
(Nov.16) NAV report.Will admit defeat if there isn't a 12-13 cent negative impact on NAV. Now have a significant short 33K. GLTA

mouserman wrote: As I noted on the OCT 31 updated portfolio ,LBS was sitting on a pile of cash and perhaps the payout to preferreds being cashed in has not been accounted for as yet. So should wait another few weeks for an accurate UNIT NAV for sure..

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